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Effects of Unanticipated Inflation

Evaluate as accurately as you can how each of the following individuals would be affected by unanticipated inflation of 10 percent per year:

a. A pensioned railroad worker

b. A department store clerk

c. A unionized automobile assembly line worker

d. A heavily indebted farmer

e. A retired business executive whose current income comes entirely from interest on government bonds

f. The owner of an independent small town department store

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M928186

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