Question: 6. If inflation rises unexpectedly by 7%, indicate for each of the following whether the economic actor is helped, hurt or unaffected: (2 points)

6. If inflation rises unexpectedly by 7%, indicate for each of the following whether the economic actor is helped, hurt or unaffected: (2 points) A) A union member with a COLA wage contract B) Someone with a large amount of cash in a safe deposit box C) A bank lending money at a fixed rate of interest D) A person who isn't due to receive a pay raise for another 11 months. E) A department store that often has large amounts of cash on hand F) A person buying a home with an Adjustable Rate Mortgage G) A retired person living on a fixed pension H) A state government borrowing money at a fixed interest rate to fix roads

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