Which of the following are consequences of inflation?

Question

Quizplus · Accepted Answer

All three options listed are consequences of inflation. A) When inflation is not anticipated, people with fixed incomes may struggle to afford the same standard of living. B) Savers lose purchasing power as the value of their savings decreases, while borrowers may benefit if they have a fixed-rate loan because the value of their debt is decreasing over time. C) People who spend resources protecting themselves from inflation, such as investing in gold or other inflation-resistant assets, are losing out on potential returns that they could have earned if there had been no inflation.

Which of the Following Are Consequences of Inflation