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Which example is a LIKELY response to inflation? A.People choose to carry higher money balances. B.People tend to make fewer transactions. C.People tend to make
Which example is a LIKELY response to inflation?
A.People choose to carry higher money balances.
B.People tend to make fewer transactions.
C.People tend to make more transactions.
D.People tend to hold on to fewer interest-bearing assets.
If the actual inflation rate is less than the expected inflation rate:
A.lenders gain and borrowers lose
.B.borrowers gain and lenders lose.
C.everyone benefits.
D.everyone is worse off.
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