Answer:
<u><em>How much interest will michael earn on this cd in the first year, based on the nominal interest rate? $600</em></u>
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<u><em>How much interest will Michael earn on this CD in the first year, based on the real interest rate? $200</em></u>
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<u><em>This is correct 100%</em></u>
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Too much judgement and rules can tear the things that were built down. High standards can destroy. It was a negative, detrimental state for the government and citizens.