Nominal Interest Year Inflation Real Interest Rate Rate 1992 3.4 3.0 0.4 1993 3.0 3.0 0.0 1994 4.3 2.6 1.7 1995 5.5 2.8 2.7 1996 5.0 3.0 2.1 1997 5.1 2.3 2.8 1998 4.8 1.6 3.2 1999 4.6 2.2 2.4 2000 5.8 3.4 2.5 2001 3.4 2.8 0.6 2002 1.6 1.6 0.0 2003 1.0 2.3 -1.3 2004 1.4 2.7 -1.3 2005 3.2 3.4 -0.2 2006 4.7 3.2 1.5 2007 4.4 2.8 1.5 2008 1.4 3.8 -2.4 2009 0.2 -0.3 0.5 2010 0.1 1.7 -1.5 2011 0.1 3.1 -3.1 2012 0.1 2.1 -2.0 Crossword across down 3 menu 1 indexation 5 borrowers 2 shocks 7 distubutional 4 shoe leather 8 currency 6 lenders 10 ARM 9 COLA
Year Nominal Interest Rate Inflation Real Interest Rate 1992 3.4 3.0 0.4 1993 3.0 3.0 0.0 1994 4.3 2.6 1.7 1995 5.5 2.8 2.7 1996 5.0 3.0 2.1 1997 5.1 2.3 2.8 1998 4.8 1.6 3.2 1999 4.6 2.2 2.4 2000 5.8 3.4 2.5 2001 3.4 2.8 0.6 2002 1.6 1.6 0.0 2003 1.0 2.3 -1.3 2004 1.4 2.7 -1.3 2005 3.2 3.4 -0.2 2006 4.7 3.2 1.5 2007 4.4 2.8 1.5 2008 1.4 3.8 -2.4 2009 0.2 -0.3 0.5 2010 0.1 1.7 -1.5 2011 0.1 3.1 -3.1 2012 0.1 2.1 -2.0 Crossword across 3 menu 5 borrowers 7 distubutional 8 currency 10 ARM down 1 indexation 2 shocks 4 shoe leather 6 lenders 9 COLA
Study_Guide_Solutions_final.docx