Question: please answer asap the dropdown box is (increase or decrease) Assume that in 1974 , interest rates were 6.952% and the rate of inflation was

please answer asap

the dropdown box is (increase or decrease)

Assume that in 1974 , interest rates were 6.952% and the rate of inflation was 11.767%. What was the real inferest rate in 1974 ? How would the purchasing power of your savings have changed over the year? The real rate of interest in 1974 was (Round to three decimal places.)

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