4. Because most loans are specified in nominal terms, high inflation hurts . a. expected, debtors b.

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4. Because most loans are specified in nominal terms, high inflation hurts .

a. expected, debtors

b. expected, creditors

c. unexpected, debtors

d. unexpected, creditors

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:00 AM

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4. Because most loans are specified in nominal terms, high inflation hurts . a. expected, debtors b.

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Macroeconomics

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