Does inflation transfer wealth from lenders to borrowers? Why or why not?
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Does inflation transfer wealth from lenders to borrowers? Why or why not?
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Inflation can indeed transfer wealth from lenders to borrowers and this phenomenon is often referred to as inflationary wealth transfer Heres an expla...View the full answer
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Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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