need this in words not handwritten please write this all in word form

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 31CTQ: If a government gains from unexpected inflation when it borrows, why would it choose to offer...
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i need this in words

not handwritten

please write this all in word form

36
whele st =SCt+1)
%3D
a siny quotint and charn nule,
1.St=
(key)
St
Now
Expressing
in termy of
od lof Ist)
and dlogcla
digise) x KetlL
as
-- d leylse) y
St
St l
d log (k ttl
Transcribed Image Text:36 whele st =SCt+1) %3D a siny quotint and charn nule, 1.St= (key) St Now Expressing in termy of od lof Ist) and dlogcla digise) x KetlL as -- d leylse) y St St l d log (k ttl
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