Suppose individuals expected inflation in a given year to be around 3%, but it actually ended up being 10%. Given this information, we can assume that _____ benefited from this fact, since the real interest rate was _____ than the equilibrium rate

Suppose individuals expected inflation in a given year to be around 3%, but it actually ended up being 10%. Given this information, we can assume that _ benefited from this fact, since the real interest rate was _ than the equilibrium rate

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 11SQ

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A.lenders, higher

B. lenders, lower

C. borrowers, higher

D. borrowers, lower

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