If the economy unexpectedly went from inflation to deflation, a. debtors would gain at the expense of creditors. b. creditors would gain at the expense of debtors. c. both debtors and creditors would have reduced real wealth. d. both debtors and creditors would have increased real wealth.

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Rodolfo Perkins

6 November, 23:26

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Samir Holloway · Answer 1

B. Creditors would gain at the expense of debtors.