Business, 16.10.2019 20:00 truesarah111

2.) the inflation rate unexpectedly rises from 2 to 5 percent. explain why the following people (or institutions) are or hurt: a) charles borrowed $10,000 last year, repayable over a two-year period, to buy a new car. b) ruth is an assembly line worker, whose employment is covered by a three year union contract. the contract calls for 4 percent money wage increases each year. c) keith owns stock in the company for which ruth works. d) sidra is an elderly woman who lives on her deceased husband’s pension. e) katie keeps her savings in a bank that pays a fixed 4 percent interest rate on its customers’ savings. f) the federal government has a national debt of $5 trillion.

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2.) the inflation rate unexpectedly rises from 2 to 5 percent. explain why the following people (or...

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