Deflation leads to winners and losers; for example:
A) mortgage holders lose, but banks awaiting mortgage payments benefit.
B) landlords lose, but people paying rent gain.
C) savings account holders lose, but the banks gain.
D) bond and stock holders lose, but the brokerage company gains.
Correct Answer:
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A) can cause increases in output.
B) can
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A) hurts borrowers and helps lenders.
B) helps
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