Suppose That the Government of Canada Unexpectedly Decided to Pay

Multiple Choice

Suppose that the Government of Canada unexpectedly decided to pay off its debt by printing new money.What would happen?

A) People who held money would feel richer.
B) Prices who held government bonds would feel richer.
C) People who lent money at a fixed interest rate would feel richer.
D) People who borrowed money at a fixed interest rate would feel richer.