div class=ts-pagebuttonPage 1button div class=ts-image amp-img class=ts-thumb alt=Page 1: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails1jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 2button div class=ts-image amp-img class=ts-thumb alt=Page 2: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails2jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 3button div class=ts-image amp-img class=ts-thumb alt=Page 3: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails3jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 4button div class=ts-image amp-img class=ts-thumb alt=Page 4: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails4jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 5button div class=ts-image amp-img class=ts-thumb alt=Page 5: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails5jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 6button div class=ts-image amp-img class=ts-thumb alt=Page 6: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails6jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 7button div class=ts-image amp-img class=ts-thumb alt=Page 7: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails7jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 8button div class=ts-image amp-img class=ts-thumb alt=Page 8: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails8jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 9button div class=ts-image amp-img class=ts-thumb alt=Page 9: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails9jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 10button div class=ts-image amp-img class=ts-thumb alt=Page 10: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails10jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 11button div class=ts-image amp-img class=ts-thumb alt=Page 11: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails11jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 12button div class=ts-image amp-img class=ts-thumb alt=Page 12: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails12jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 13button div class=ts-image amp-img class=ts-thumb alt=Page 13: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails13jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 14button div class=ts-image amp-img class=ts-thumb alt=Page 14: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails14jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 15button div class=ts-image amp-img class=ts-thumb alt=Page 15: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails15jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 16button div class=ts-image amp-img class=ts-thumb alt=Page 16: wplpsorgwplpsorgdscheicfiles201409Chapter-10pdf · future inflation raises the equilibrium nomi- nal interest rate to 14% The expected real interest rate remains at 4% src=https:reader033vdocumentsmxreader033viewer20220418125e583a0cc34b97788d3e94c9html5thumbnails16jpg width=142 height=106 layout=responsive amp-img divdiv