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If Joshua is applying for a loan, which will give him the better deal: loan 1, a $1,000 loan at 3% real interest rate with
If Joshua is applying for a loan, which will give him the better deal: loan 1, a $1,000 loan at 3% real interest rate with 2% inflation, or loan 2, a $1,000 loan at 6% nominal interest rate with 2% inflation? Loan 2 Neither loan is a good deal. Both loans are equal. Loan 1
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
