Which of the Following Are Consequences of Inflation

question 88

Multiple Choice

Which of the following are consequences of inflation?

• A)​It increases the burdens on people with fixed incomes when inflation is not anticipated.
• B)​It hurts savers who did not anticipate how high the inflation was, but helps those who have borrowed at a fixed rate before the inflation became apparent.
• C)​Inflation imposes costs on people who devote resources to protecting themselves from expected inflation.
• D)​all of the above

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Definitions:

Litigation Paralegals

Legal assistants who specialize in assisting lawyers during the process of litigation, including research, documentation, and preparation of case materials.

Trust

An arrangement in which property is transferred by one person (the grantor or settlor) to another (the trustee) for the benefit of a third party (the beneficiary).

Legal Arrangement

Agreements or structures established under law for managing and organizing rights, responsibilities, and relationships.

Ownership of Property

The legal right or title to possess, use, and enjoy a specified piece of land or goods.