Unanticipated inflation usually hurt the creditors, Fixed-income recipients as well as savers simply because:: inflation redistributes real income away from them and toward others
- Unanticipated inflation can be regarded as kind of inflation whereby, people are not aware that there will be inflation, it caught them unaware until there is general price level increases.
- When this happens, alot of people will be left unprotected, especially those lenders that will be paid back with the same amount they Lent out even though there is a reduction in purchasing power.
Therefore, unanticipated inflation usually caught people unaware.
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