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Suppose That at the End of a Given Year There

Question 45

Multiple Choice

Suppose that at the end of a given year there has been unanticipated inflation of 4 percent. Who is better off at the end of the year?


A) a consumer who lent money at the end of the year
B) a bank that lent money at the end of the year
C) a bank that lent money at the beginning of the year
D) a consumer who borrowed money at the end of the year
E) a consumer who borrowed money at the beginning of the year

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