Unanticipated Inflation Redistributes Income Across Groups in Society

question 110

Multiple Choice

Unanticipated inflation redistributes income across groups in society.Which of the following people are among the winners?  

• A) people who loan money 
• B) people on fixed incomes 
• C) people who are small savers 
• D) people who borrow money at fixed interest rates

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Definitions:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that is depicted as a pyramid with five levels of needs, from basic survival needs at the bottom to self-actualization at the top.

Basic Needs

Fundamental requirements for human survival and well-being, such as food, water, shelter, and clothing.

Praise

The expression of approval, commendation, or admiration.

Progress

Forward or onward movement towards achieving a goal or completing a task.