If the inflation rate is lower than expected, real income is redistributed from lenders to borrowers

a. True
b. False

B

Economics

You might also like to view...

List the major non-price determinants of demand

What will be an ideal response?

Economics

Externalities can be positive because

A. marginal damages do not last over time. B. utility can be impacted positively as well as negatively. C. there is no concept for marginal benefit. D. positive externalities are subsidies.

Economics