In what way does inflation redistribute wealth?
A. Inflation redistributes wealth from lenders to borrowers.
B. Inflation redistributes wealth from long-term borrowers to short-term borrowers.
C. Inflation redistributes wealth from borrowers to lenders.
D. Inflation redistributes wealth from short-term borrowers to long-term borrowers.
Ans: A. Inflation redistributes wealth from lenders to borrowers.
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Given the strict quantity theory of money, if the quantity of money were decreased by 50 percent, prices would
What will be an ideal response?