Description : Inflation redistributes income and wealth in favour of : (1) Pensioners (2) Poor (3) Middle class (4) Rich
Last Answer : (4) Rich Explanation: A group of economists including Keynes is of the opinion that 'inflation, in one form or the other, is a factor which helps economic growth. Usually, it is argued that ... margin-al propensity to consume of the wage- earners because of their near-subsistence level of income.