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42
How could inflation hurt farmers?
They borrow too much and get themselves into deeper debt.
Since loan durations were usually short, they would hurt the farmer in the long run.
Since loan durations were usually short, they would hurt the farmer in the long run.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.11.2010