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Answer True or False in the space provided
- Unexpected inflation will benefit banks and other lenders.
Step by step
Solved in 2 steps
- What costs are associated with imperfectly anticipated inflation? Discuss them carefully. Who loses, and who gains, when inflation is higher than we expect?If actual inflation exceeds anticipated inflation, who will lose purchasing power and who will gain? How does unanticipated inflation harm the economy?What can be a reason why inflation is not occuring when government spending increases in an economy?
