It's true that unexpected inflation redistributes wealth, from creditors to debtors, for example. But what one side

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"It's true that unexpected inflation redistributes wealth, from creditors to debtors, for example. But what one side of the bargain loses, the other side gains. So from the perspective of the society as a whole, there is no real cost." Do you agree? Discuss.
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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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