Unanticipated inflation:
A) reduces the real burden of the debt for borrowers
B) hurts borrowers and helps lenders
C) automatically hurts people whose sole source of income is from wages
D) helps both borrowers and lenders
E) hurts both borrowers and lenders
Correct Answer:
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Q2: A country's consumer price index was 124.0
Q3: Which of the following is least likely
Q4: Inflation means that:
A)all prices are rising, but
Q5: Cost-of-living adjustment clauses (COLAs):
A)make the effect of
Q6: Inflation is undesirable because it:
A)arbitrarily redistributes real
Q8: In a given year,a country's nominal income
Q9: If the consumer price index falls from
Q10: During a period of unanticipated deflation:
A)debtors gain,
Q11: Unanticipated inflation:
A)arbitrarily "taxes" fixed-income groups
B)increases the real
Q12: If a price index rises from one
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