Multiple Choice
Which of the following statements is correct concerning unanticipated inflation?
A) It redistributes income and wealth in unpredictable and uneven ways.
B) It increases the real value of debt.
C) It increases the purchasing power of the dollar.
D) It benefits creditors at the expense of debtors.
E) It hits everyone equally hard.
Correct Answer:
Verified
Correct Answer:
Verified
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