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Which of the following individuals benefits from unexpected inflation? (1 point) A worker whose hourly wage is exactly indexed to the change in the price
Which of the following individuals benefits from unexpected inflation? (1 point) A worker whose hourly wage is exactly indexed to the change in the price level An individual who loaned his co-worker money to buy a car An individual who has a fixed rate mortgage on her new house A holder of a government bond who receives a fixed dollar interest payment every year A retiree who has a fixed monthly pension from the government 60. (03.03 LC) Which of the following best describes moving along the short-run aggregate supply curve (SRAS)? (1 point) Moving up the SRAS curve is associated with a higher real wage rate and greater real output. At each point on the SRAS supply curve, there is a different nominal wage rate. The SRAS curve is downward sloping, since a higher price level will attract more firms to produce output. The SRAS curve is upward sloping; a higher price level is needed to get firms to produce more real GDP. Moving up the SRAS, the nominal wage increases, and the rate of unemployment also increases
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