ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This group of people suffer when inflation occurs:
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Savers
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People who can increase their incomes
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Borrowers
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Government
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Explanation:
Detailed explanation-1: -Savers. Traditionally savers lose from inflation. If prices rise, the value of money falls, and the real value of savings declines.
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