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When a lender underestimates the rate of inflation, Group of answer choices the real rate of interest will be higher than expected. the nominal interest
When a lender underestimates the rate of inflation, Group of answer choices the real rate of interest will be higher than expected. the nominal interest rate was set too low. purchasing power is redistributed to the borrower. purchasing power is redistributed to the lender
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
