High and Unexpected Inflation Has a Greater Cost

question 22

Multiple Choice

High and unexpected inflation has a greater cost

• A)for those who save than for those who borrow.
• B)for those who hold a little money than for those who hold a lot of money.
• C)for those whose wages increase by as much as inflation than those who are paid a fixed nominal wage.
• D)for savers in low income tax brackets than for savers in high income tax brackets.

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Definitions:

Anabolic Pathways

Metabolic pathways that construct molecules from smaller units, requiring energy, commonly associated with growth and development.

Genomic Imprinting

An epigenetic phenomenon by which certain genes are expressed in a parent-of-origin-specific manner, meaning that the expression of such genes is determined by the parent from whom the gene was inherited.

Paternal

Relating to or characteristic of a father, including genetic inheritance or social roles associated with fatherhood.

Maternal Inheritance

The genetic transmission of genes and traits exclusively from the mother, often seen in mitochondrial DNA.