Which of the following will benefit by an unexpected increase in inflation?
a. a union member with a COLA wage contract
b. someone with a large stash of cash in a safe deposit box
c. a bank lending money at a fixed rate of interest
d. a person who is not due to receive a pay raise for another 11 months
a. a union member with a COLA wage contract
Economics
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A typical indifference curve is upward sloping
a. True b. False Indicate whether the statement is true or false
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The expected benefit of investment equals:
A. the real interest rate. B. the value of the marginal product of capital. C. private saving. D. the price of the capital good.
Economics