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Business, 03.08.2019 22:40 IsabellaGracie

Jermaine lives in a world where the nominal interest rate is 3% and the inflation rate is 1%. today, jermaine has $200, with which he could purchase 80 zaps. however, jermaine realizes he could also put the money in savings for one year; if he did this, then in one year's time he would have –more and would be able to purchase – more zaps. (assume that the price change for zaps reflects the general inflation rate.)

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Jermaine lives in a world where the nominal interest rate is 3% and the inflation rate is 1%. today,...
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