Please help Direction: Describe groups that are helped by inflation and those that are hurt by Inflation:H- If the person or group is hurt by InflationG- If the person or group gains from InflationU- If it is uncertain if the person or group is affected by inflation or if the effects are unclearHurtGains UncertainScenarioBanks extend many fixed-rate loans.Why?A farmer buys machinery with a fixed - rate loan to be repaid over a ten-year periodWhy?Your family buys a home with an adjustable - rate mortgageWhy?Your savings from your summer job are in a savings account paying afixed rate of interestWhy?A widow lives entirely on income from her pensionWhy?A retired man lives entirely on income from Social SecurityWhy?The federal government has $5 000,000,000 in debtWhy?cleaning company signs a contract to provide services at a fixed rate forthe next five yearsWhy?Your friend rents an apartment with a three- year leaseWhy?A bank has loaned millions of dollars for home mortgages at a fixed rateof interestWhy?Parents are putting savings for their child's college education in a banksavings account

Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be…

Answered: Banks extend many fixed-rate loans.…

Banks extend many fixed-rate loans. Why? A farmer buys machinery with a fixed - rate loan to be repaid over a ten |-year period Why? Your family buys a home with an adjustable - rate mortgage Why?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Money Growth And Inflation

Section: Chapter Questions

Problem 9PA

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Question

Please help

Direction: Describe groups that are helped by inflation and those that are hurt by Inflation:
H- If the person or group is hurt by Inflation
G- If the person or group gains from Inflation
U- If it is uncertain if the person or group is affected by inflation or if the effects are unclear
Hurt
Gains Uncertain
Scenario
Banks extend many fixed-rate loans.
Why?
A farmer buys machinery with a fixed - rate loan to be repaid over a ten
-year period
Why?
Your family buys a home with an adjustable - rate mortgage
Why?
Your savings from your summer job are in a savings account paying a
fixed rate of interest
Why?
A widow lives entirely on income from her pension
Why?
A retired man lives entirely on income from Social Security
Why?
The federal government has $5 000,000,000 in debt
Why?
cleaning company signs a contract to provide services at a fixed rate for
the next five years
Why?
Your friend rents an apartment with a three- year lease
Why?
A bank has loaned millions of dollars for home mortgages at a fixed rate
of interest
Why?
Parents are putting savings for their child's college education in a bank
savings account

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