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Question 1 2 / 2 pts If the nominal interest rate is 0

Economics

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Question 1

2 / 2 pts

If the nominal interest rate is 0.09 and the (expected) inflation rate is 0.04, what is the real interest rate? (Answer as a decimal.)

Question 2

2 / 2 pts

Consider an economy with only one good: corn.  In 2010 the price of corn was 6.08 and in 2011 the price was 7.90.  What was the inflation rate? (Answer as a decimal. Round to three decimal places.)

Question 3

2 / 2 pts

Let NGDP be 1,363 and the money supply be 377.  What is velocity?  (Round to one decimal place.)

Question 4

4 / 4 pts

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