Statement I: Inflation Generally Hurts Both Creditors and Debtors

question 141

Multiple Choice

Statement I: Inflation generally hurts both creditors and debtors.
Statement II: Business owners who carry large inventories are helped by unanticipated inflation.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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