Which of the following statements is
false?
◦ Whether you gain or lose during a period of inflation depends on whether your income rises faster or slower than the prices of the things you buy.
◦ Inflation that is higher than expected benefits debtors, and inflation that is lower than expected benefits creditors.
◦ There are no costs or losses associated with anticipated inflation.
◦ When unanticipated inflation occurs regularly, the degree of risk associated with investments in the economy increases.