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What is the nominal interest rate

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Reference no: EM132505428

Answer the following questions:

a. In the country of Albion, expected inflation is 8% and the real interest rate is 5%, what is the nominal interest rate? Show your work.

b. What is stagflation?

c. Define discouraged workers and discuss the impact of discouraged workers on unemployment numbers.

Reference no: EM132505428

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