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6-15. Suppose that in 2022 there is a sudden, unanticipated burst of inflation. Consider the situations faced by the following individuals. Who gains and who
6-15. Suppose that in 2022 there is a sudden, unanticipated burst of inflation. Consider the situations faced by the following individuals. Who gains and who loses? a. A homeowner whose wages will keep pace with inflation in 2022 but whose monthly mortgage payments to a savings bank will remain fixed b. An apartment landlord who has guaranteed his tenants that their monthly rent payments during 2022 will be the same as they were during 2021 c. A banker who made an auto loan that the auto buyer will repay at a fixed rate of interest during 2022 d. A retired individual who earns a pension with fixed monthly payments from her past employer during 2022
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