Jengp1837 Jengp1837

18-09-2019
Business

contestada

Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about _____.

Respuesta :

federico1636 federico1636

19-09-2019

Answer:

the inflation rate was 8 percent and the nominal interest rate was 11 percent

Explanation:

Nominal interest rate is the rate without considering the inflation.

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