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remy2012 remy2012
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A year 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

Macroeconomics


Edition: 3rd
Authors:
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IgnesiasIgnesias
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A year ago
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remy2012 Author
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A year ago
Thanks
Transonic
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Yesterday
Thank you, thank you, thank you!
Marcie D
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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