Which of the Following Statements About Unanticipated Inflation Is True

question 1

Multiple Choice

Which of the following statements about unanticipated inflation is true?

• A) It reduces average purchasing power in the economy.
• B) It reduces total purchasing power in the economy.
• C) It redistributes purchasing power in the economy.
• D) It reduces nominal wages.
• E) Its effects are spread evenly throughout the economy so that no one gains or loses from inflation.

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