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Suppose that people expect inflation to equal 4 percent, but in fact, prices rise by 2 percent. Which of the following groups or individuals are
Suppose that people expect inflation to equal 4 percent, but in fact, prices rise by 2 percent. Which of the following groups or individuals are hurt by this unexpectedly low inflation rate? Check all that apply. A homeowner with a fixed-rate mortgage A college that has invested some of its endowment in government bonds that are not indexed Treasury bonds The government A union worker in the second year of a labor contract
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