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Answer to Question #18158 in Economics of Enterprise for Nur Hidayati

Question #18158
Evaluate and explain as accurately as you can the manner in which each of the following individual or party would be affected by fairly rapid inflation?

a) A department store assistant manager.
Expert's answer
A department store assistant manager would be affected by fairly rapid inflation directly. He has a fixed salary. Its nominal value is constant, but real salary would decrease.

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