Solved: Determine the price of tea rises relative to price of coffee, Microeconomics

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Determine the price of tea rises relative to price of coffee

Assignment:

1. Suppose the price of tea rises relative to the price of coffee? Can we conclude that inflation has occurred? Discuss and offer examples.

2. The nominal rate of interest is the same as the real rate of interest? If true, discuss? If false, discuss.

250 words each question

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Microeconomics: Determine the price of tea rises relative to price of coffee

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