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Irina-Kira [14]
2 years ago
14

In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 perce

nt. If the real rate of interest is to remain at the same level in year 2 as it was in year 1, then in year 2 the nominal interest rate must fall by 3 percentage points. rise by 9 percentage points. rise by 6 percentage points. rise by 3 percentage points.
Business
1 answer:
LiRa [457]2 years ago
6 0

The nominal interest rate will rise by 3%.

Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.

Nominal interest rate in year 2 = real interest rate + inflation rate

6% + 3% = 9%

Nominal interest rate in year 1 = 6%

Change in nominal interest rate = 9% - 6% = 3%

To learn more, please check: brainly.com/question/21323568

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Answer:

$27,600

Explanation:

Here, at the end of December 2021, M's unadjusted balance of liability towards vacation days are found to be 200 Days. And also provided that, on an average, each employee will earn $138 per day.

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3 0
3 years ago
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wariber [46]

Answer: 6.01%

Explanation:

To solve this question, we.will use the financial calculator. Based on the information given, then we will have:

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3 0
3 years ago
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Anarel [89]

Answer:

The correct word for the blank space is: the purchases history.

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Consumer Surplus

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5 0
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bulgar [2K]

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3 years ago
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