Question #337836
Which one of the following is NOT an effect of
higher inflation?
O a. An increase in the cost of living.
O b. An increase in the standard of living.
O c. Redistribution of wealth from the lender to
the borrower.
O d. A decrease of the real value of existing
savings.
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Expert's answer
b. An increase in the standard of living.
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#340153 on Dec 2023
#340153 on Dec 2023