Evaluate and explain as accurately as you can the manner in which each of the following individual or party would be affected by fairly rapid inflation?
a) A department store assistant manager.
b) A pensioner who receives fixed monthly income.
c) The owner of an independent coffee shop.
d) A state government receives revenue mainly from a progressive income tax.
e) A firm signs a contract to provide maintenance services at a fixed rate for the next five years.
f) Parents are putting savings for their child’s college education in a bank savings account.