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2 years ago

10

Joyce's investments earn 5% nominal annual return right now while the inflation rate is at 1%. If inflation increases to 5%, it

is likely that the nominal rate will _____.
(CORRECT ANSWER ONLY)

A. stay the same
B. decrease
C. increase
D. approach the real rate

1 answer:

Mrac [35]2 years ago

3 0

Say the same decrease increase approach the rail rate

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