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Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about _____.
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Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about _____.

User Prashanth Sams
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Answer:

the inflation rate was 8 percent and the nominal interest rate was 11 percent

Step-by-step explanation:

Nominal interest rate is the rate without considering the inflation.

User Jortega
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