Edward Murray and Kelvin Rippen, economists at M-R Associates, are asked for their opinions on the effects of higher-than- expected inflation. Murray states that higher-than-expected inflation hurts lenders and helps borrowers. Rippen contends that higher-than-expected inflation causes the real interest rate to be lower than expected. Regarding the statements made by Murray and Rippen:Murray Rippen （）①A. Correct Incorrect ②B. IncorrectCorrect ③C. Correct Correct
A. ①
B. ②
C. ③
