Which of the Following Statements Is Correct? Unanticipated Inflation

question 110

Multiple Choice

Which of the following statements is correct? Unanticipated inflation:

• A)arbitrarily "taxes" fixed-income groups.
• B)increases the real value of savings.
• C)increases the purchasing power of the dollar.
• D)benefits creditors at the expense of debtors.

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Definitions:

Norms

Shared beliefs or standards that dictate the expected and acceptable behavior within a particular group or society.

Violated

Violated refers to the act of breaking or failing to comply with a rule, law, agreement, or expectation.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mores

are the accepted traditional customs, moral attitudes, or manners of a particular social group, which guide behaviors and can distinguish right from wrong.