Question: Given the following data, show your formula and solve for the Real Interest rate: Nominal r = 5%, inflation = 8%. Assuming a normal banking

Given the following data, show your formula and solve for the Real Interest rate: Nominal r = 5%, inflation = 8%. Assuming a normal banking profit rate = 3%, identify who benefits and who loses from the interest rate condition: Borrowers Lenders 3. When the following event occurs, the change in Real GDP =

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