Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A) Unexpected inflation benefits lenders and hurts borrowers.
• B) Unexpected deflation benefits lenders and hurts borrowers.
• C) Unexpected inflation benefits borrowers but does not affect lenders.
• D) Unexpected deflation benefits lenders but does not affect borrowers.

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Definitions:

Machiavellianism

A set of cynical beliefs about human nature, morality, and the permissibility of using various tactics to achieve one’s ends.

Rationality

The quality of being based on or in accordance with reason or logic.

Influence Tactics

Strategies or actions used to persuade or direct the behavior of others in order to achieve one's own objectives.

Job Search

The action of looking for employment opportunities.