This assignment requires the application of your understanding of the effects of inflation on different segments of society and motivates you to think about your own behavior during times of inflation.

• Explain why you would rather be a borrower during a period of unexpected rising inflation, and a lender during a period of unexpected declining inflation.

References

Geenlaw, S. & Shapiro, D. (2017). 9. Inflation. InPrincipals of Macroeconomics 2e. Openstax. https://openstax.org/details/books/principles-macroeconomics-2e

• 9. Inflation

Puresnow0202. (2017, December 16). Inflation and bubbles and tulips: Crash course economics #7 [Video]. Youtube. https://www.youtube.com/watch?v=l0H1EuKXBhQ