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remy2012 remy2012
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A month ago
Suppose you have borrowed money from a bank to buy a house. Which of the following will happen if the inflation rate unexpectedly rises?

▸ The real cost of your mortgage will rise.

▸ You will be better off.

▸ You will be worse off.

▸ The bank's shareholders will be better off.
Textbook 

Macroeconomics


Edition: 3rd
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IgnesiasIgnesias
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A month ago
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You will be better off.

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remy2012 Author
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This site is awesome
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Good timing, thanks!
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this is exactly what I needed
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