Multiple Choice
During a period of unanticipated deflation:
A) debtors gain, because they repay their debts with dollars of diminished value
B) people with partially indexed incomes suffer
C) income is redistributed away from savers
D) people on unindexed incomes are hurt
E) debtors lose, because they repay their debts with dollars of greater value
Correct Answer:
Verified
Correct Answer:
Verified
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