Answer to Question #18140 in Economics of Enterprise for edralin

Question

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.

Answer 1

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