High and Unexpected Inflation Has a Greater Cost

Multiple Choice

High and unexpected inflation has a greater cost

A) for those who borrow than those who save.
B) for those who hold a little money than for those who hold a lot of money.
C) for those whose wages increase by as much as inflation, than those who are paid a fixed nominal wage.
D) for savers in high income tax brackets than for savers in low income tax brackets.