Explain why the following people (or institutions) are helped or hurt

The inflation rate unexpectedly rises from 2 to 5 percent. Explain why the following people (or in Show more The inflation rate unexpectedly rises from 2 to 5 percent. Explain why the following people (or institutions) are helped or hurt: a) Charles borrowed $10000 last year repayable over a two-year period to buy a new car. b) Ruth is an assembly line worker whose employment is covered by a three-year union contract. The contract calls for 4 percent increase in nominal wage each year. c) Keith owns stock in the company for which Ruth works Sidra is an elderly woman who lives on her deceased husbands pension. e) Katie keeps her savings in a bank that pays a fixed 3 percent interest rate on its customers savings. f) The federal government has a national debt of $14 trillion Show less

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Approximately 250 words