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Economics · May / June 2023 · Paper 11 · Question 23

2281Inflation

Which citizens are most likely to benefit in a period of rapid inflation?

  1. Acitizens who are receiving fixed state benefits
  2. Bcitizens who earn fixed incomes
  3. Ccitizens who have lent money at a fixed rate of interest
  4. Dcitizens who have borrowed money at a fixed rate of interest

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Correct answer: D. citizens who have borrowed money at a fixed rate of interest

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