Which of the following is least likely to be hurt by unanticipated inflation?
A) a disabled labourer who is living off accumulated savings
B) an owner of a small business with high debts
C) a secretary
D) a retired steelworker with a partially indexed pension
E) an unskilled worker who makes an unindexed wage
Correct Answer:
Verified
Q1: A price index is:
A)a comparison of the
Q2: A country's consumer price index was 124.0
Q4: Inflation means that:
A)all prices are rising, but
Q5: Cost-of-living adjustment clauses (COLAs):
A)make the effect of
Q6: Inflation is undesirable because it:
A)arbitrarily redistributes real
Q7: Unanticipated inflation:
A)reduces the real burden of the
Q8: In a given year,a country's nominal income
Q9: If the consumer price index falls from
Q10: During a period of unanticipated deflation:
A)debtors gain,
Q11: Unanticipated inflation:
A)arbitrarily "taxes" fixed-income groups
B)increases the real
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