Who is least likely to be hurt by unanticipated inflation?
A) A disabled laborer who is living off accumulated savings.
B) An owner of a small business.
C) A secretary.
D) A pensioned steelworker.
Correct Answer:
Verified
Q104: (Consider This)Some economists believe that modest inflation,say
Q104: Suppose the nominal annual interest rate on
Q109: Inflation affects
A)both the level and the distribution
Q110: Unanticipated inflation
A)reduces the real burden of the
Q113: Inflation is undesirable because it
A)arbitrarily redistributes real
Q116: (Consider This) If wages were more downwardly
Q117: A lender need not be penalized by
Q119: During a period of hyperinflation,
A)creditors gain because
Q120: Cost-push inflation
A)reduces real output.
B)increases real output.
C)reduces the
Q132: (Consider This) The main point of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents