Answer to Question #337836 in Microeconomics for Hlelo

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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1
Expert's answer
2022-05-09T14:53:06-0400

b. An increase in the standard of living.


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