Which one of the following will NOT benefit from a decrease in the rate of inflation?
A) A worker at a manufacturing plant receives a fixed nominal income.
B) A lender has lent money to a firm at a fixed nominal interest rate.
C) A firm has borrowed money from a bank and must pay it back at a fixed nominal interest rate.
D) A person owns bonds that pay a fixed nominal interest.
Correct Answer:
Verified
Q76: An economy has 1,050 employed, 150 unemployed,
Q77: An economy has an unemployment rate of
Q78: If the economy is at full employment,
Q79: If the total labor force of an
Q80: Which one of the following will benefit
Q82: By _ the real value of payments
Q83: Suppose that a can of soda cost
Q84: Suppose that a can of soda cost
Q85: If the Consumer Price Index (CPI) in
Q86: If the Consumer Price Index (CPI) in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents