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1. If the inflation rate unexpectedly rises from 2% to 5%, would each of the following individuals gain or lose as a result? a. Nigel,

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1. If the inflation rate unexpectedly rises from 2% to 5%, would each of the following individuals gain or lose as a result? a. Nigel, who borrowed $20,000 last year, repayable over three years, to buy a new boat would gain b. Lars, an elderly man living on a fixed company pension would (Click to select) c. Yoko, who keeps her savings in a credit union that pays a fixed 4 percent on (Click to select) customers deposits would d. Joan, an assembly-line worker whose employment is covered by a two-year union contract that calls for an annual wage increase of 5% (Click to select) would e. Robert, who owns shares in the company where Joan works would (Click to select)

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