Joyce's investments earn 5% nominal annual return right now while the inflation rate is at 1%. If inflation increases to 5%, it is likely that the nominal rate will _____. (CORRECT ANSWER ONLY) A. stay

Joyce's investments earn 5% nominal annual return right now while the inflation rate is at 1%. If inflation increases to 5%, it is likely that the nominal rate will _____.

(CORRECT ANSWER ONLY)

A. stay the same
B. decrease
C. increase
D. approach the real rate

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Joyce's investments earn 5% nominal annual return right now while the inflation rate is at 1%. If inflation increases to 5%, it is likely that the nominal rate will _____. …

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