Multiple Choice
Which of the following is true regarding an unanticipated increase in inflation?
A) Both borrowers and lenders will be better off.
B) Both borrowers and lenders will be worse off.
C) Borrowers will be better off and lenders will be worse off.
D) Borrowers will be worse off and lenders will be better off.
Correct Answer:
Verified
Correct Answer:
Verified
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