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WITH CPI, The real value of their debt decreases as inflation rises, making it easier for them to pay off their loans with less valuable
WITH CPI, The real value of their debt decreases as inflation rises, making it easier for them to pay off their loans with less valuable currency. WHY IS THIS ??
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
