Suppose You Borrow $5000 at an Interest Rate of 8

question 1

Multiple Choice

Suppose you borrow $5000 at an interest rate of 8%.If the expected real interest rate is 3%,then the rate of inflation over the upcoming year that would be most beneficial to you would be

• A) 0%.
• B) greater than 0% but less than 5%.
• C) equal to 5%.
• D) greater than 5%.

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