If Real Rates Were Higher Than Nominal Rates in 2009,the

question 81

Multiple Choice

If real rates were higher than nominal rates in 2009,the implication is that

• A) inflation was greater than the real rate.
• B) inflation was less than the real rate.
• C) the nominal rate was equal to the real rate.
• D) inflation was negative (deflation was occurring).
• E) the real rate was equal to the rate of inflation.

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