Following individuals which be affected by unanticipated

Reference no: EM1332250

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

Reference no: EM1332250

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