In early 2005, inflation increased unexpectedly due to an increase oil prices. This helped

Name: In early 2005, inflation increased unexpectedly due to an increase oil prices. This helped
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation generally benefits borrowers because they can repay their loans with money that is worth less than when they originally borrowed it. An increase in oil prices, leading to inflation, would reduce the real value of money, thus benefiting those with existing debts.

In Early 2005, Inflation Increased Unexpectedly Due to an Increase