If you borrowed $100,000 for one year at an interest rate of 10% and inflation was 20%, then: The real return to the person who loaned you the money is negative You should not have borrowed the money: The inflation rate hurt you All of the above

If you borrowed $100,000 for one year at an interest rate of 10% and inflation was 20%, then: The real return to the person who loaned you the money is negative You should not have borrowed the money: The inflation rate hurt you All of the above

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 8SQP

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If you borrowed $100,000 for one year at an interest rate of 10% and inflation was 20%,
then:
The real return to the person who loaned you the money is negative
You should not have borrowed the money
The inflation rate hurt you
All of the above

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