Multiple Choice
High and unexpected inflation has a greater cost
A) for those who borrow than for those who save.
B) for those who hold a little money than for those who hold a lot of money.
C) for those whose wages increase by as much as inflation than for those who are paid a fixed nominal wage.
D) for savers in high income tax brackets than for savers in low income tax brackets.
Correct Answer:

Verified
Correct Answer:
Verified
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