Solved

Which of the Following Is Not an Economic Cost of Higher

Question 73

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions