Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) homeowners with fixed-rate mortgages benefit from unanticipated high inflation
B) the costs of unanticipated inflation can be ignored, since the gains and losses of induced wealth transfers tend to cancel each other out over the economy as a whole
C) Social Security beneficiaries are better protected against unanticipated inflation than workers with long-term contracts
D) at least until 1985, the U.S. government gained from unanticipated inflation at the expense of U.S. taxpayers
E) workers who received the minimum wage greatly suffered from unanticipated inflation