Which Statement About Inflation Is Correct

question 145

Multiple Choice

Which statement about inflation is correct?

• A)Families are always hurt by inflation.
• B)Inflation "subsidizes" those who receive relatively fixed money income.
• C)The redistributive effects of inflation are arbitrary with respect to people and groups in society.
• D)Inflation will decrease the real value of property assets and increase the real value of fixed-value assets.

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Definitions:

Prosperous

Characterized by financial success, wealth, or good fortune, often reflecting a period of economic growth or individual financial health.

Large Family Units

the social structure where extended families, including multiple generations, live together or maintain close ties.

Puritan Attitude

Refers to the stringent, moralistic outlook associated with the Puritans, emphasizing hard work, piety, and a disciplined community life.

English Customs

refer to the traditional and institutional practices, behaviors, and social norms that are characteristic of English society.