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Which of the following is not an economic cost of higher than anticipated inflation?
Select one:
a.
Purchasing power of people on fixed incomes will fall.
b.
A person who has borrowed money at a fixed interest rate will be disadvantaged.
c.
Businesses incur costs through having to change prices.
d.
Banks who have loaned out money at a fixed interest rate will be disadvantaged.

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Which of the following is not an economic cost of higher than antici.pdf

  • 1. Which of the following is not an economic cost of higher than anticipated inflation? Select one: a. Purchasing power of people on fixed incomes will fall. b. A person who has borrowed money at a fixed interest rate will be disadvantaged. c. Businesses incur costs through having to change prices. d. Banks who have loaned out money at a fixed interest rate will be disadvantaged.