Inflation Is the Rate of Change of Average Prices in the Economy.In

question 60

Multiple Choice

Inflation is the rate of change of average prices in the economy.In general,we can say that inflation

• A)benefits creditors if it is unanticipated.
• B)has no real effects if it is unanticipated.
• C)increases the purchasing power of money.
• D)reduces the real value of existing nominal debt.
• E)increases the real value of fixed money incomes.

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