Lenders because borrowers must pay higher rate of interest

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Indicate whether the following statements are true, false, or uncertain? A) Inflation hurts borrowers and helps lenders because borrowers must pay a higher rate of interest. B) If prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off C) Inflation does not reduce the purchasing power of most workers.

Reference no: EM131094505

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