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If the annual inflation rate in an economy is i, then $1 borrowed at the beginning of a year will have the same purchasing power
If the annual inflation rate in an economy is "i", then $1 borrowed at the beginning of a year will have the same purchasing power as ________ dollars at the end of the year.
- A. i
- B. (1/i)
- C. (1 - i)
- D. (1 + i)
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