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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 workerb. A department store clerkc. A unionized automobile assembly line workerd. A heavily indebted farmere. A retired business executive whose current income comes entirely from interest on government bondsf. The owner of an independent small town department store
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