Which of the following would be HURT by unanticipated inflation?

1. a retiree living off of social security and has a fixed income

2. a person with a mortage at a fixed rate

3. a producer that has signed a contract to receive his goods at a fixed price for 10 years

4. someone with an income that gives a cost of living adjustment (COLA) each year

Question

Rashad Potts

3 December, 13:39

+4

Answers (1)

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Zion Bass · Answer 1

3. a producer that has signed a contract to receive his goods at a fixed price for 10 years