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:

Preschooler

A child typically between the ages of 3 and 5 years old, who is in the developmental stage prior to entering kindergarten.

Bodily Harm

Physical injury, damage, or harm inflicted on a person's body by an external force or substance.

Weight Gain

The increase in body weight over a period of time, which can result from various factors including an excess of caloric intake over expenditure.

Cognitive Changes

Alterations in mental processes such as memory, attention, and the ability to learn, often due to aging, neurological diseases, or psychological disorders.