Question: Inflation during the 1970s was much higher than most expected when the decade began. What was the inflation rate in 1970 compared to 1979? How

Inflation during the 1970s was much higher than most expected when the decade began. What was the inflation rate in 1970 compared to 1979? How did this affect homeowners who obtained fixed-rate mortgages during the 1960s?How did it affect the banks that lent the money?

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