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Posted by on Wednesday, March 18, 2009 at 10:11pm.

Suppose you were borrowing money to buy a car. Which of these situations would you prefer:The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? explain

  • macro - , Wednesday, March 18, 2009 at 10:13pm

    I would like to know if my income would increase with the rate of inflation or NOT.

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