Suppose that expected inflation to equal 6 per cent in 2015, but in fact price rise by only 3 per cent. How would this unexpectedly low inflation rate help or hurt the following?
a) The federal government
b) A homeowner with a fixed-rate mortgage
c) A worker with a 5-years fixed term wage contract
d) A causal worker who has no labour contract
e) A private school that has invested some of its endowment in Government Bonds.
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Expert's answer
2015-09-10T10:16:52-0400
Suppose that expected inflation to equal 6 per cent in 2015, but in fact price rise by only 3 per cent. This unexpectedly low inflation rate will influence the following in such way: a) The federal government will be helped b) A homeowner with a fixed-rate mortgage will be hurted. c) A worker with a 5-years fixed term wage contract will be helped. d) A causal worker who has no labour contract will be hurted. e) A private school that has invested some of its endowment in Government Bonds will be helped.
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