Which of the following individuals are hurt when the economy experiences unanticipated inflation?
A) savers
B) fixed income earners
C) lenders
D) All of the above are hurt by unanticipated inflation.

Question

Quizplus · Accepted Answer

All of the above are hurt by unanticipated inflation. 
Savers lose purchasing power as the value of their money decreases. Fixed income earners receive a set amount of income that becomes worth less as prices rise. Lenders receive payments in dollars that are worth less than they were when the loan was issued. Therefore, all of these individuals are negatively impacted by unexpected inflation.

Which of the Following Individuals Are Hurt When the Economy