Problem
1. What difference would it make to the strength of UK monetary policy if all mortgages were fixed-interest-rate loans:
(a) in the short run; (b) in the long run?
2. How are interest rate changes likely to affect the distribution of income between:
(a) rich and poor; (b) borrowers and lenders; (c) old and young?
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.