High and Unexpected Inflation Has a Greater Cost

question 42

Multiple Choice

High and unexpected inflation has a greater cost

• A)for those who borrow than for those who save.
• B)for those who hold a little money than for those who hold a lot of money.
• C)for those who have fixed nominal wages than for those who have nominal wages that adjust with inflation.
• D)All of the above are correct.

---

Definitions:

Diligent

Showing careful and persistent work or effort in one's duties or tasks.

Vocal Quality

The characteristics of a person's voice that determine the tone and sound, influencing how speech is perceived.

Constructive Criticism

This is feedback provided in a helpful and supportive manner, aiming to encourage improvement rather than discouragement.

Federal Confidentiality

Regulations and practices designed to protect sensitive information from disclosure, especially relating to governmental operations and individual privacy.