48. Economists forecast the following inflation rates for the next four years Year Inflation Rate 3% 4% 5% 6% 4 What inflation adjustment should be included in the interest rate on a three-year loan made today a. 3% because that's the rate at the time the loan is made and borrowers won't pay any more. b. 4%, because that's the average expected inflation rate over the life of the loan c 6% because that's the rate that will exist when the lender is loaning the money out again d. 6% because at a lower rate the lender will have lost purchasing power by the time i t lends the money out again