Which of the following groups would not tend to lose from unexpected inflation?
a. Retirees on fixed pensions
b. Creditors.
c. Those whose incomes are tied to long-term contracts.
d. Those whose wages have cost of living adjustment clauses in their contracts.
d
You might also like to view...
The purchase of the assets of one steelmaker by another steelmaker might be a violation of the
a. Clayton Act b. Federal Trade Commission Act c. Wheeler-Lea Act d. Celler-Kefauver Anti-Merger Act e. Robinson-Patman Act
Suppose the dollar depreciates in the foreign exchange markets. What is the impact on U.S. Real GDP?
A) It must rise because dollar depreciation shifts the U.S. AD curve rightward. B) It must fall because dollar depreciation shifts the U.S. SRAS curve leftward. C) It remains constant since dollar depreciation does not shift either the U.S. AD curve or the U.S. SRAS curve. D) It may rise, fall, or remain constant depending upon whether the U.S. AD curve shifts rightward by more, less, or an amount equal to the leftward shift of the U.S. SRAS curve.