Suppose, over the past year, the real interest rate was 3 percent and the inflation rate was 1 percent

a. The dollar value of savings increased at 2 percent, and the value of savings measured in goods increased at 3 percent.
b. The dollar value of savings increased at 1 percent, and the value of savings measured in goods increased at 2 percent.
c. The dollar value of savings increased at 3 percent, and the value of savings measured in goods increased at 1 percent.
d. The dollar value of savings increased at 4 percent, and the value of savings measured in goods increased at 3 percent.

D

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