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makalisek makalisek
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A month ago
If the annual inflation rate in an economy is i, then $1 borrowed at the beginning of a year will have the same purchasing power as ________ dollars at the end of the year.

▸ (1 + i)

i

▸ (1 − i)

▸ (1/i)
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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isaw09isaw09
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A month ago
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(1 + i)

1

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