Question

The distribution effects of inflation are best described by …

a. 

borrowers benefiting at the expense of lenders.

a. borrowers benefiting at the expense of lenders.

b. 

creditors benefiting at the expense of debtors.

b. creditors benefiting at the expense of debtors.

c. 

the poor benefiting at the expense of the rich.

c. the poor benefiting at the expense of the rich.

d. 

the elderly benefiting at the expense of the young.

Answer 1

c. the poor benefiting at the expense of the rich.