Question: Provide examples and explain your answer. If inflation rises unexpectedly by 5%, indicate for each of the following whether the economic actor is helped, hurt,

Provide examples and explain your answer. If inflation rises unexpectedly by 5%, indicate for each of the following whether the economic actor is helped, hurt, or unaffected:

A union member with a COLA wage contract
Someone with a large stash of cash in a safe deposit box
A bank lending money at a fixed rate of interest
A person who is not due to receive a pay raise for another 11 months

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