LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory Rapid growth in peer-to-peer lending platforms increases consumer borrowing and spending. In the short run, unemployment declines, but inflation rises faster than expected. What best explains this outcome?

Question

LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory Rapid growth in peer-to-peer lending platforms increases consumer borrowing and spending. In the short run, unemployment declines, but inflation rises faster than expected. What best explains this outcome?

Answer

FinTech lending increases supply capacity, leading to cost-push inflation without affecting employment.

Answer

FinTech lending raises productivity, lowering both inflation and unemployment permanently.

Answer

FinTech-driven credit expansion boosts demand, reducing unemployment but creating upward price pressure.

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LG 1. Knowledge Comprehension LO 1.1. Generate knowledge of core concept and...

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