When deflation exists, a. the real interest rate is less than the nominal interest rate. b. the real interest rate is greater than the nominal interest rate. c. the real interest rate and inflation are

When deflation exists,

a. the real interest rate is less than the nominal interest rate.
b. the real interest rate is greater than the nominal interest rate.
c. the real interest rate and inflation are less than the nominal interest rate.
d. prices rise.

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When deflation exists, a. the real interest rate is less than the nominal interest rate. b. the real interest rate is greater than the nominal interest rate. c. the real interes…

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