Is unanticipated inflation likely to resul

问题单项选择题

Is unanticipated inflation likely to result in a loss to: employees borrowers at the expense of employers at the expense of lenders（）

A. No No

B. No Yes

C. Yes No

答案

参考答案：C

解析：

Unanticipated increases in inflation decrease the value of a fixed-payment mortgage held by a bank, and benefit borrowers because their future payments will have less real value; that is, borrowers will give up less in real goods in order to make their payments. If inflation decreases unexpectedly instead, real wage rates are higher than employers expected to pay, and employees have unexpected gains at the expense of their employers.