The reason why the accelerated inflation of the 1980s was a benefit to middle-class Americans was that their home mortgage debts decreased in value in real terms.
Accelerated inflation refers to a phenomenon where the prices of goods and services in a country are increasing very fast.
This leads to a loss in the value of currency because the same amount of currency will only be able to buy less goods and services as time goes on.
This was good for the middle class when it happened in the 1980s because it meant that they were paying less mortgages in real terms. This means that although they were paying the same amount of interest, the loss of value of the dollar meant they were actually paying less.
In conclusion, they paid less mortgage in real terms.
Find out more on accelerated inflation at https://brainly.com/question/9166842
#SPJ1
