What if you already expected the inflation rate to slow


Problem

You borrow money at a fixed rate of interest to finance your college education. If the rate of inflation unexpectedly slows down between the time you take out the loan and the time you begin paying it back, is there a redistribution of income? Do you gain or lose? What if you already expected the inflation rate to slow at the time you took out the loan? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What if you already expected the inflation rate to slow
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