Question: Question 39 0 / 2 p Suppose that a simple, imaginary economy produces only two goods: bread and apples. In addition to these two goods,

Question 39 0 / 2 p Suppose that a simple, imaginary economy produces only two goods: bread and apples. In addition to these two goods, the economy also consumes and imports chicken. Using the information below, answer the following questions Bread Apples Chicken 2019 Quantity 100 200 40 2019 Price $2.00 $1.20 $2.00 2020 Quantity 150 210 70 2020 Price $2.00 $1.40 $2.25 Suppose the expected inflation rate between 2019 and 2020 is equal to the growth rate in the CPI price levels between 2019 and 2020 using 2020 as the base year. If a lender wants a real return (r) of 10% of a loan given in 2019 and paid back in 2020, what nominal interest rate should he/she charge on the loan? Answer: x (18.60) x (%) Question 40 0 / 2 po

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