The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020.  What was the positive effect of this unexpected inflation on the residents of the country? Group of answer choices It helped creditors Helped those people on fixed incomes None because everybody is hurt by inflation It helped debtors

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 22CTQ: Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the...
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The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020.  What was the positive effect of this unexpected inflation on the residents of the country?
Group of answer choices

It helped creditors

Helped those people on fixed incomes

None because everybody is hurt by inflation

It helped debtors

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