Given U. S. tax laws, persistently high inflation may result in:
a. slower economic growth because the after-tax nominal interest rate is lower. b. slower economic growth because the after-tax real interest rate is lower. c. faster economic growth because the after-tax real interest rate is higher. d. faster economic growth because the after-tax nominal interest rate is higher.
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Home » Business » Given U. S. tax laws, persistently high inflation may result in: a. slower economic growth because the after-tax nominal interest rate is lower. b. slower economic growth because the after-tax real interest rate is lower. c.