54 546
Assignments Done
98,2%
Successfully Done
In November 2017
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Macroeconomics Question for Johnny

Question #42805
Evaluate as accurately as you can the manner in which each of the following individual would be affected by fairly rapid inflation.

(i) A department store assistant
(ii) A car assembly line worker
(iii) A heavily indebted farmer
(iv) A retired business person whose current income is from interest on government bonds.
(v) The owner of an independent corner shop.
Expert's answer
(i) A department store assistant will be very affected by rapid inflation as his nominal income will be the same, but real income will decrease.
(ii) A car assembly line worker will be affected like a department store assistant.
(iii) A heavily indebted farmer will be better off, because the real value of his debt will decrease.
(iv) A retired business person whose current income is from interest on government bonds will earn much more less, because as the interest will be the same, the real earnings will decrease.
(v) The owner of an independent corner shop will not be seriously affected by inflation.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question