Business, 10.10.2019 00:30 joesalem215

You borrow $10,000 today at a nominal rate of 5 percent; inflation for the past 10 years has been exactly 2 percent. today, inflation instantly rises to 7 percent and stays that way for the duration of your loan. based on the above information, this is an example of ceteris paribus (all else equal). true or false?

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You borrow $10,000 today at a nominal rate of 5 percent; inflation for the past 10 years has been e...