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QUESTION 26 A high rate of inflation is likely to cause a: low nominal interest rate. low rate of growth of nominal GDP. decrease in nominal wages. high nominal interest rate.
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Transcribed Image Text: QUESTION 26 A high rate of inflation is likely to cause a: low nominal interest rate. low rate of growth of nominal GDP. decrease in nominal wages. high nominal interest rate.
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Transcribed Image Text: QUESTION 26 A high rate of inflation is likely to cause a: low nominal interest rate. low rate of growth of nominal GDP. decrease in nominal wages. high nominal interest rate.
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ICJPHF
false
AnswerOption 4High nominal interest rateNominal interest rate =inflation rate + rea ... See the full answer