Principles of Macroeconomics Study Set 15
Unanticipated Inflation Helps Lenders and Hurts Borrowers.
Unanticipated inflation helps lenders and hurts borrowers.
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Inflation hurts people with fixed incomes.
The main cause of hyperinflation is an unanticipated increase in oil prices.
If the value of the price index in the current year is equal to 1, this means the current price of a particular market basket is the same as the price of that particular basket in the base period.
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