Unanticipated inflation penalizes:
a. those who are saving
b. those who are borrowing.
c. governments.
d. those who are in high-growth industries where wages are growing faster than prices.
e. those who can't find jobs at any wage rate.
a
Economics
You might also like to view...
In order to survive in political office, politicians must be steadfast in their convictions and be unwilling to change their political platforms
a. True b. False
Economics
In long-run equilibrium, the perfectly competitive firm produces: a. where P = MC = AC
b. at the lowest point on its long-run average cost curve. c. where its long-run average cost curve is tangent to its horizontal demand curve. d. at a level of output such that all of the above are true.
Economics