提问

问题如下：

Question

Higher than expected inflation will most likely lead to an increase in:

选项：

A.the real wealth of borrowers.

B.investment.

C.the information content of market prices for economic agents.

解释：

A is correct. Unexpected inflation that is higher than anticipated will likely result in borrowers benefiting at the expense of creditors as the real value of their borrowing declines.

B is incorrect because higher than expected inflation will likely result in greater inflation uncertainty. Lenders will ask for a premium to compensate for this uncertainty, which leads to higher borrowing costs and thereby will discourage investment.

C is incorrect because one of the potentially destabilizing effects of unexpected inflation is that it can reduce the information content of market prices.

中文解析：

A正确。由于借款的实际价值下降，高于预期的意外通货膨胀可能会导致借款人以损害债权人利益为代价而受益。

B是不正确的，因为高于预期的通货膨胀可能会导致更大的通货膨胀不确定性。贷款人将要求溢价来补偿这种不确定性，这将导致更高的借贷成本，从而阻碍投资。

C是不正确的，因为意想不到的通货膨胀的潜在不稳定影响之一是它可以减少市场价格的信息含量。