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Department store assistant manager

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Evaluate and explain as accurately as you can the manner in which each of the following individual or party would be affected by fairly rapid inflation?

a) A department store assistant manager.

b) A pensioner who receives fixed monthly income.

c) The owner of an independent coffee shop.

d) A state government receives revenue mainly from a progressive income tax.

e) A firm signs a contract to provide maintenance services at a fixed rate for the next five years.

f) Parents are putting savings for their child’s college education in a bank savings account.

Reference no: EM13903911

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