The accompanying diagram shows the interest rate on one-year loans and inflation during 19982013 in the economy
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The accompanying diagram shows the interest rate on one-year loans and inflation during 1998–2013 in the economy of Albernia. When would one-year loans have been especially attractive and why?
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Inflation rate, interest rate 12% 10 8 6 4 2 1998 Inflation rate Interest rate on one-year loans 2001 2004 2007 2010 2013 Year
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