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QUESTION
suppose that Singaporean's expect inflation to be equal to 3 per cent, but in fact prices rise by 5 per cent.
suppose that Singaporean's expect inflation to be equal to 3 per cent, but in fact prices rise by 5 per cent. how would this unexpectedly high inflation help pr hurt the following:
1) a lender
2) a borrower
(please help me solve this question based on Macroeconomics 1)
