Question 43 3 pts Suppose a person named William borrows $8,000 in 2021 which he needs to pay back to the "Bank of Chavarria" in a year. The nominal interest rate is 10% while the inflation rate is 20%. How much will William need to pay back in 2022? O $8,800 O $9,600 $14,000 O $16,000 Question 44 3 pts In terms of purchasing power, what happens to William's loan from the time he borrows the money to the time he pays it back? O Purchasing power decreases Purchasing power increases O Purchasing power is unchanged O UnclearQuestion 43 3 pts Suppose a person named William borrows $8,000 in 2021 which he needs to pay back to the "Bank of Chavarria" in a year. The nominal interest rate is 10% while the inflation rate is 20%. How much will William need to pay back in 2022? O $8,800 O $9,600 $14,000 O $16,000 Question 44 3 pts In terms of purchasing power, what happens to William's loan from the time he borrows the money to the time he pays it back? O Purchasing power decreases Purchasing power increases O Purchasing power is unchanged O Unclear