If the nominal interest rate is 18 percent and the real interest rate is 6 percent, the inflation rate is:
A)18 percent.
B. 24 percent.
C. 12 percent.
D. 6 percent.
Answer:C
If the nominal interest rate is 18 percent and the real interest rate is 6 percent, the inflation rate is:
A)18 percent. B. 24 percent. C. 12 percent. D. 6 percent.