Business, 17.03.2020 04:28 paralaw61772

A sudden increase in inflation, ceteris paribus, a. Raises the real income of lenders relative to borrowers. b. Raises the CPI and reduces real income. c. Reduces the nominal income of those who have constant real incomes. d. Makes everyone worse off.

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A sudden increase in inflation, ceteris paribus, a. Raises the real income of lenders relative to bo...