The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020.What was the positive effect of this unexpected inflation on the residents of thecountry?O It helped debtorsIt helped creditors) Helped those people on fixed incomesNone because everybody is hurt by inflation

Inflation is described as the increase in the price level of the goods and services in the economy.…

The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020. What was the positive effect of this unexpected inflation on the residents of the country? ) It helped debtors It helped creditors Helped those people on fixed incomes ) None because everybody is hurt by inflation

The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020. What was the positive effect of this unexpected inflation on the residents of the country? ) It helped debtors It helped creditors Helped those people on fixed incomes ) None because everybody is hurt by inflation

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 22CTQ: Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the...

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The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020.
What was the positive effect of this unexpected inflation on the residents of the
country?
O It helped debtors
It helped creditors
) Helped those people on fixed incomes
None because everybody is hurt by inflation

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