After a particular loan has been paid off, neither the borrower nor the lender has lost purchasing power. Therefore, it must be true that actual inflation was
a. greater than expected inflation.
b. equal to expected inflation.
c. less than expected inflation.
d. greater than the nominal rate of interest.
b
Economics
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Which of the following is likely to result in a lower equilibrium price? a. An increase in both demand and supply
b. A decrease in both demand and supply. c. An increase in demand and a decrease in supply. d. A decrease in demand and an increase in supply.
Economics
A characteristic of a public good is that a public good is provided
A. to some businesses, but not to others. B. only in some states. C. to many individuals at no additional cost. D. to low income residents in some states.
Economics