When unexpected inflation occurs,
A)real wages rise.
B)average prices have increased.
C)lenders benefit.
D)borrowers are harmed.

Name: When unexpected inflation occurs, A)real wages rise. B)average prices have increased. C)lenders benefit. D)borrowers are harmed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When unexpected inflation occurs, average prices increase. This means that the value of money decreases, and it takes more money to buy the same goods and services. This can be harmful for people on fixed incomes or who are saving money.

When Unexpected Inflation Occurs