Business, 10.06.2021 21:50 melanysanson11
Suppose that people expect inflation to equal 3% but instead prices rise by 5%. Which of the following parties would be helped by this unexpectedly high inflation?
a. the government
b. a homeowner with a fixed-rate mortgage
c. a union worker in the second year of a labor contract d. a college that has invested some of its endowment in government bonds
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Suppose that people expect inflation to equal 3% but instead prices rise by 5%. Which of the followi...
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