单选题

Is unanticipated inflation likely to result in a loss to(     )。

【正确答案】 C
【答案解析】

Unanticipated increases in inflation decrease the value of a fixed-payment mortgage held by a bank, and benefit borrowers because their future payments will have less real value; that is, borrowers will give up less in real goods in order to make their payments.
If inflation decreases unexpectedly instead, real wage rates are higher than employers expected to pay, and employees have unexpected gains at the expense of their employers.