During a period of unanticipated deflation:
A) debtors gain, because they repay their debts with dollars of diminished value
B) people with partially indexed incomes suffer
C) income is redistributed away from savers
D) people on unindexed incomes are hurt
E) debtors lose, because they repay their debts with dollars of greater value
Correct Answer:
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Q5: Cost-of-living adjustment clauses (COLAs):
A)make the effect of
Q6: Inflation is undesirable because it:
A)arbitrarily redistributes real
Q7: Unanticipated inflation:
A)reduces the real burden of the
Q8: In a given year,a country's nominal income
Q9: If the consumer price index falls from
Q11: Unanticipated inflation:
A)arbitrarily "taxes" fixed-income groups
B)increases the real
Q12: If a price index rises from one
Q13: The rate of inflation can be found
Q14: If the consumer price index rises from
Q15: If real GDP in a particular year
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