经济学原理第五版英文答案Chapter24.pdfVIP

450 Chapter 24/Measuring the Cost of Living e. If there is 2% deflation, her purchasing power has risen by about 12%. 3. Definition of nominal interest rate: the interest rate as usually reported without a correction for the effects of inflation . 4. Definition of real interest rate: the interest rate corrected for the effects of inflation . real interest rate = nominal interest rate - inflation rate 5. Case Study: Interes