During the late 19th century, the U.S. price level fell. This unexpected increase in the real cost of borrowing caused wealth to be redistributed from _____ to _____
Fill in the blank(s) with correct word
debtors/borrowers, creditors/lenders
Economics
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The most established theory of stock prices relates a company's asset prices to:
A) future earning prospects of companies and future values of inflation rates. B) the future value of inflation and interest rates. C) past earnings of companies and past values of interest rates. D) future earning prospects of companies and future values of interest rates.
Economics
Refer to Figure 4-1. If the market price is $1.00, what is the consumer surplus on the fourth burrito?
A) $0 B) $0.50 C) $1.50 D) $2.25
Economics