LG 1. Knowledge Comprehension

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

Question

LG 1. Knowledge Comprehension

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

Answer

FinTech lending causes cost-push inflation without affecting employment

Answer

FinTech platforms improve productivity, reducing both unemployment and inflation.

Answer

FinTech-driven credit expansion raises aggregate demand, reducing unemployment but increasing prices.

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

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