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Marge is lending Martin $1,000 for one year.The CPI is 1.60 at the time the loan is made.They expect it to be 1.76 in one year.If Marge and Martin agree that Marge should earn a 3% real return for the year, the nominal interest rate on this loan should be ______ percent.
French
A Romance language originating from France and spoken in various countries around the world including Canada, Belgium, Switzerland, and several African countries.
Career Options
The various occupational pathways and opportunities that an individual can pursue based on their interests, skills, and educational background.
Black American Youth
Individuals of African American descent in the United States who are in the stages of childhood and adolescence.
Split Labour Market
A theory describing how workforces are divided along racial, ethnic, or gender lines, leading to conflict and inequality within the labor market.
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