Question: Refer to the hypothetical data in the table to answer the three questions. What was the real interest rate in 2017? Year Nominal interest rate

Refer to the hypothetical data in the table to answer the three questions. What was the real interest rate in 2017? Year Nominal interest rate Real interest rate Inflation rate 2017 3% 5% 2018 5% 9% 2019 3% 53 % What was the inflation rate in 2018? What was the nominal interest rate in 2019

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