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Only a brief summary of the effects of inflation could be provided at this time. In general, inflation redistributes wealth from wage earners and people with fixed incomes, especially landowners with long-term contracts, to merchants and industrialists. Merchants and industrialists generally benefited from wages rising less than prices and from a fall in real spending power, while some peasants or small landholders gained if their rents remained fixed as product prices increased. However, population growth
- Author
- Periandaula Haqiansyah
- Language
- EN