If people had been expecting prices to rise but in fact prices fell,then who among the following would benefit?
A)lenders and people holding a lot of currency
B)lenders but not people holding a lot of currency
C)people holding a lot of currency but not lenders
D)neither lenders nor people holding a lot of currency

Question

Quizplus · Accepted Answer

Lenders benefit because the real value of the money they are repaid increases when prices fall. People holding a lot of currency also benefit because the purchasing power of their money increases.

If People Had Been Expecting Prices to Rise but in Fact