The nominal interest rate is
A) the interest rate measured in terms of goods.
B) always less than the real interest rate.
C) equal to the real interest rate minus the rate of inflation.
D) the type of interest rate typically reported in the financial pages of newspapers.
E) equal to the expected rate of inflation.
D
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Suppose that in a closed economy GDP is equal to 15,000, government purchases are equal to 3,000, consumption equals 10,500, and taxes equal 3,500 . What are private saving and public saving?
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