Suppose that the hypothetical country of Mozarika experienced in 2011 a negative real interest rate of -2 percent,with a corresponding inflation rate of 12 percent.What must have been the prevalent nominal interest in Mozarika during 2011?
A) 14 percent
B) 12 percent
C) -14 percent
D) -10 percent
E) None of these
Correct Answer:
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