Which of the following is likely to be an effect of inflation? ...

[xclash]

Which of the following is likely to be an effect of inflation?
 a. An increase in the willingness of lenders to lend money for longer periods
 b. A decrease in the willingness of borrowers to borrow money for longer periods
 c. A decrease in the purchasing power of lenders in the economy
 d. An increase in the willingness of people to buy bonds as a hedge against rising prices
 e. An increase in the willingness of people to buy physical assets as a hedge against rising prices

Question 2

The government defines poverty as an income level less than three times the cost of a minimal diet.
 a. True
  b. False
  Indicate whether the statement is true or false

[skipfourms123]

Answer to Question 1

c

Answer to Question 2

True

[xclash]

YES! Correct, THANKS for helping me on my review

[cpetit11]

Thanks for the timely response, appreciate it