In the United States in the late 1970s,nominal interest rates were high and inflation rates were very high.As a result,real interest rates were

Question

Quizplus · Accepted Answer

Real interest rates are calculated by subtracting the inflation rate from the nominal interest rate. In the late 1970s, although nominal rates were high, inflation was even higher, leading to low or even negative real interest rates.

In the United States in the Late 1970s,nominal Interest Rates