ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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owner of a business
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a retiree on a fixed income
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a bank that loaned money at a fixed interest rate
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a person that lives on a pension
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Detailed explanation-1: -Businesses that provide essential goods and services tend to be less affected by inflation.
Detailed explanation-2: -Families have grappled with surging prices over the past 18 months, as the cost of meeting basic needs rose. Consumer prices were 7.1 percent higher in November 2022 than a year earlier.
Detailed explanation-3: -The redistribution effect of inflation Lenders are hurt by unanticipated inflation because the money they get paid back has less purchasing power than the money they loaned out. Borrowers benefit from unanticipated inflation because the money they pay back is worth less than the money they borrowed.
Detailed explanation-4: -Wholesale trade, construction, and food and accommodations are among the industries feeling the pressure. Wholesale Trade. Construction. Accommodations and Food. Other Services. Transportation and Warehousing. The bottom line. 28-Oct-2022