Refer to the Following Figure When Answering the Following Questions

question 53

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 14.3: AS/AD Model

-Consider Figure 14.3. Between 2006 and 2007 the:

• A) real interest rate was negative.
• B) 10-year-bonds' nominal interest rate was lower than inflation.
• C) real interest rate was higher than the nominal interest rate.
• D) real interest rate was positive.
• E) None of these answers is correct.

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