Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 25
9708Price stability
In 2018, the inflation rate in Argentina was over 100%. Which combination correctly identifies the winners and losers during this period?
- Awinners: firms selling goods abroad; losers: households paying back loans
- Bwinners: firms unable to decrease real wages; losers: firms paying back loans on fixed monthly repayments
- Cwinners: individuals with a high amount of debt at a fixed rate of interest; losers: households that hold most of their assets in cash
- Dwinners: workers on fixed wage contracts; losers: the retired on fixed incomes
As printed in the paper
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Correct answer: C. winners: individuals with a high amount of debt at a fixed rate of interest; losers: households that hold most of their assets in cash
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