Answered

Which statement describes the effect of inflation?
OA Inflation does not affect the value of an object
B. Inflation decreases the cost of an object or increases the value of
an object
C. Inflation increases the cost of an object or decreases the value of
an object
OD Inflatio
D. Inflation does not affect the cost of an age



Answer :

GinnyAnswer

Final answer:

Inflation increases costs and decreases the value of money, impacting borrowers and lenders differently.


Explanation:

Inflation increases the cost of an object or decreases the value of an object. Inflation leads to a decrease in the purchasing power of money, resulting in a rise in prices and a decline in the real value of money. This affects individuals differently based on their economic roles, with borrowers benefiting and lenders facing decreased future payments.


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