Recall the Application About the Impact Inflation Has on Your

question 114

Multiple Choice

Recall the Application about the impact inflation has on your potential future salary and the repayment of student loans to answer the following question(s) .
-The Application shows that high inflation results in fewer years to pay back student loans because

• A) when inflation is high, the nominal value of the loan increases.
• B) when inflation is high, the nominal value of wages decreases.
• C) when inflation is high, the nominal value of the loan decreases.
• D) when inflation is high, the nominal value of the wages decrease.

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