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Suppose you have borrowed money from a bank to buy a house. Which of the following will happen if ...
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Suppose you have borrowed money from a bank to buy a house. Which of the following will happen if ...
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
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3
rd
Authors:
Acemoglu, Laibson, List
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This site is awesome
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this is exactly what I needed
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