Among the following,which group is helped during periods of inflation?

Question

Quizplus · Accepted Answer

During periods of inflation, the value of money decreases, meaning that the prices for goods and services increase. Farmers, who are producers of goods, can benefit from inflation because they can sell their products at higher prices. This contrasts with creditors, people on fixed incomes, and lenders, who may find the real value of their fixed returns or repayments diminished by inflation.

Among the Following,which Group Is Helped During Periods of Inflation