What is the relationship between a higher nominal rate and a lower real interest rate? A) Decreased purchasing power
B) Increased purchasing power
C) Increased Production
D) Decreased Production

B) Increased purchasing power

Explanation:

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Detailed Explanation:

A real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan.

A nominal interest rate refers to the interest rate before taking inflation into account.

Taking this into account it is clear that the relationship provides an increased spending power.

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