Multiple Choice
An effect of the inflation tax is that it redistributes income from the:
A) borrowers of fixed-interest-rate debt to the government.
B) borrowers of fixed-interest-rate debt to the lenders of this debt.
C) lenders of fixed-interest-rate debt to the borrowers of this debt.
D) government to the borrowers of fixed-interest-rate debt.
Correct Answer:
Verified
Correct Answer:
Verified
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