High and unexpected inflation has a greater cost
A)for those who borrow than for those who save.
B)for those who hold a little money than for those who hold a lot of money.
C)for those whose wages increase by as much as inflation than for those who are paid a fixed nominal wage.
D)for savers in high income tax brackets than for savers in low income tax brackets.

Question

Quizplus · Accepted Answer

The Answer of High and unexpected inflation has a greater cost
A)for those who borrow than for those who save.
B)for those who hold a little money than for those who hold a lot of money.
C)for those whose wages increase by as much as inflation than for those who are paid a fixed nominal wage.
D)for savers in high income tax brackets than for savers in low income tax brackets.

High and Unexpected Inflation Has a Greater Cost