View the presentation of Inflation and Price Levels and answer the following question: Why is unanticipated inflation good for those who borrow money (debtors) but bad for those who lend money (creditors)?
http://anonymouse.org/cgi-bin/anon-www.cgi/http://www.reffonomics.com/TRB/chapter20/inflationembedded.swf
No comments:
Post a Comment