Question

Which of the following would be HURT by unanticipated inflation?

1. a retiree living off of social security and has a fixed income
2. a person with a mortage at a fixed rate
3. a producer that has signed a contract to receive his goods at a fixed price for 10 years
4. someone with an income that gives a cost of living adjustment (COLA) each year

Answer 1

Step-by-step explanation:

3. a producer that has signed a contract to receive his goods at a fixed price for 10 years