WHEN THERE IS HIGH INFLATIONA) THE NOMINAL INTEREST RATE IS APPROX...

60) - TEST BANK FOR MACROECONOMICS 4TH EDITION BY WILLIAMSON
TEST BANK FOR MACROECONOMICS 4TH EDITION BY WILLIAMSON
60) When there is high inflationA) the nominal interest rate is approximately equal to the real interest rate.B) the real interest rate is always greater than the nominal interest rate.C) the nominal interest rate is always greater than the real interest rate.D) the real interest rate is always negative.Answer: CQuestion Status: Previous Edition