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Which statement best describes how the cost of unexpected inflation is distributed? a. Unexpected inflation has a greater cost for those who borrow than those
Which statement best describes how the cost of unexpected inflation is distributed?
a. | Unexpected inflation has a greater cost for those who borrow than those who save. | ||
b. | Unexpected inflation has a greater cost for those who hold a little money than for those who hold a lot of money. | ||
c. | Unexpected inflation has a greater cost for those whose wages increase by as much as inflation than those who are paid a fixed nominal wage. | ||
d. | Unexpected inflation has a greater cost for savers in high income tax brackets than for savers in low income tax brackets. |
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