Recall Application 6, "Repaying Student Loans," to answer the following questions:
-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 wages decreases.
B) when inflation is high, the nominal value of the loan increases.
C) when inflation is high, the nominal value of the wages decrease.
D) when inflation is high, the nominal value of the loan decreases.
Correct Answer:
Verified
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A) matters less
A)
A)
