I would need help with this question from a mock test.

The following table shows the real interest rate and the annual inflation rate (using the CPI) of Australia in the period 1971-1995 (Source: OECD). Based on this information, which of the following statements are correct? 1971-75 1976-80 1981-85 1986-90 1991-95 Inflation rate (9%) 10.4 10.6 7.9 2.5 Real interest rate ()) -2.2 -0.4 6.1 7.1 4.5 Select one correct answer O Monetary policy was looser in the 5-year period following the peak of inflation. O The nominal interest rate was negative in the first half of the 1970s O The nominal interest rate was lower in the periods in which inflation was lower. O The nominal interest rate was more than halved between the first half of the 1980s and the first half of the 1990s