Multiple Choice
Which of the following are consequences of inflation?
A) It increases the burdens on people with fixed incomes when inflation is not anticipated.
B) It hurts savers who did not anticipate how high the inflation was, but helps those who have borrowed at a fixed rate before the inflation became apparent.
C) Inflation imposes costs on people who devote resources to protecting themselves from expected inflation.
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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