ECN 111 Chapter 7 Lecture Notes - Mesa Community College
Assume that the CPI for year 3 is 120 and the CPI for year 4 is 130. Compute the inflation rate for year 4. The inflation rate = (130 - 120)/120 * 100% = 8.33%. Difficulty: E Type: A Suppose you want to earn a 7% rate of return on a one-year loan you are about to make and the expected inflation rate for the duration of the loan is 5%. ................
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