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.

Question

Quizplus · Accepted Answer

The Answer of 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.

The Application Shows That High Inflation Results in Fewer Years