Post a New Question

macro

posted by on .

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 - ,

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

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question