Which of the Following Would Not Be Hurt by Unanticipated

question 233

Multiple Choice

Which of the following would not be hurt by unanticipated inflation?

• A)Those living on fixed nominal incomes
• B)Those who find inflation rising more rapidly than their nominal incomes
• C)Those who have money savings
• D)Those who became debtors when inflation was lower

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the rate applied to their highest tier of income.

Income

The money received, especially on a regular basis, for work, through investments, or from business activities.

Taxes

Obligatory fiscal dues or alternate kinds of assessments enforced on a taxpayer by a state authority to support government expenditures and a variety of communal costs.

Tax Brackets

Tax brackets are divisions at income levels where tax rates change, essentially segmenting how income taxation escalates with higher earnings.