8 Which of the following groups benefits from unexpectedly high inflation? a. creditors b. retirees

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8 Which of the following groups benefits from unexpectedly high inflation?

a. creditors ■

b. retirees on fixed incomes ■

c. debtors ■

d. workers whose salaries are tied to the CPI ■

e. suppliers who have contracted to supply a fixed amount of their product for a fixed price

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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