Multiple Choice
Which of the following is not an economic cost of higher than anticipated inflation?
A) Purchasing power of people on fixed incomes will fall.
B) A person who has borrowed money at a fixed interest rate will be disadvantaged.
C) Businesses incur costs through having to change prices.
D) Banks who have loaned out money at a fixed interest rate will be disadvantaged.
Correct Answer:

Verified
Correct Answer:
Verified
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