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QUESTION
Which of the following is a consequence of inflation?
Which of the following is a consequence of inflation?
inflation leads to lower real interest rates on long-term mortgages. This is beneficial to borrowers, but harmful to businesses who lend money.
inflation leads to higher real income tax rates when tax brackets don't increase with the rate of inflation.
all of the listed choices are harmful effects.
inflation leads to positive financial and construction investments.
inflation encourages higher savings rates.
