6. There was an unexpected burst of inflation in the late 70s and early 80s that is sometimes called the Great Inflation. The unexpected inflation helped existing loans. O people in debt, nominal people in debt, real O lenders, real by lowering interest rates on pre- lenders, nominal

6. There was an unexpected burst of inflation in the late 70s and early 80s that is sometimes called the Great Inflation. The unexpected inflation helped existing loans. O people in debt, nominal people in debt, real O lenders, real by lowering interest rates on pre- lenders, nominal

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

6. There was an unexpected burst of inflation in the late 70s and early 80s that is sometimes called the
Great Inflation. The unexpected inflation helped
existing loans.
O people in debt, nominal
O people in debt, real
O lenders, real
O lenders, nominal
by lowering
interest rates on pre-
explain with steps plz

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