Because most loans are written in terms, an unexpected increase in inflation hurts . a. real;

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Because most loans are written in ________ terms, an unexpected increase in inflation hurts ________.

a. real; creditors

b. real; debtors

c. nominal; creditors

d. nominal; debtors

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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Because most loans are written in ________ terms, an unexpected increase in inflation hurts ________. a. real;

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The correct answer is b real debtors Heres why Loan terms Most loans are typically written in nomina...View the full answer

Essentials Of Economics

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Because most loans are written in terms, an unexpected increase in inflation hurts . a. real;