If the inflation rate in an economy is higher than expected,which of the following groups in the society would be most likely to gain?

A) Borrowers
B) Lenders
C) Persons holding large amounts of money
D) Persons on fixed incomes
E) Workers under contract without a cost of living adjustment

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, consequently, the purchasing power of currency is falling.

Borrowers

Individuals or entities that take out loans from financial institutions or other sources, committing to repay them over a specified period, often with interest.

Lenders

Individuals, organizations, or institutions that provide funds to borrowers under the agreement that the funds will be repaid with interest at a later date.