Answer the following question about inflamation a. What would be the effect of unexpected inflation on the each of following? retirees on fixed income workers  borrowers lenders shoe-leather costs menu costs b. How would you answer change in the inflation was expected?

Which of these groups benefits from inflation? a.Pensioners b.Fixed income earners c.Real property owners d.Local manufacturers who have fixed income

would this be considered deflation?

An unanticipated increase in inflation can a.   reduce the real interest rate earned by lenders.   b. make creditors better off. c. make debtors worse off. d.   make workers who signed contracts at the beginning of the year better off.   e. lead to a higher purchasing power for the currency.

The relationship between the inflation rate and the unemplotment rate is it a micro or macro decison? explain why

Who would inflation affect the least? O Students with student loan debt O The employee of a local shop who receives a non-adjusted salary O Creditors O Your grandmother who keeps money under her mattress