Multiple Choice
If actual inflation is lower than expected inflation,
A) there is a redistribution of wealth from borrowers to lenders.
B) there is a redistribution of wealth from lenders to borrowers.
C) there is no redistribution of wealth, but the total wealth in the economy increases.
D) there is no redistribution of wealth, but the total wealth in the economy decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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