Problems & Exercises for MACRO
UNIT TWO (FOR EXAM TWO)
Unit Two--Assignment Three--Web Problem 1
UNIT TWO (FOR EXAM TWO) Unit Two--Assignment Three--Web Problem 1Problems & Exercises for MACRO
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1 |
If the inflation rate = 2%, then what is the real interest rate on money borrowed at 8%?
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2 |
If the inflation rate = 13%, then what is the real interest rate on a home mortgage loan at 17%? (If you have a home mortgage or car loan, you might want to calculate the real interest rate on your loan. You should know that normal people don't pay attention to real interest rates, but economists do. Since this is an economics course, you are expected to know something about real interest rates!)
Please send your answers via e-mail.
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