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

Question

asked Sep 20, 2020 140k views

1 Answer

Jortega · Answer 1 · 2020-09-26T09:09:41+0000

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.