Answer Happy

Lawrence
British Business owner
I’m Lawrence, a British business owner. My U.K.
corporation negotiated a sweet deal: a five-year contract to
purchase some computers from a U.S. computer company. The chaps
from the U.S. were quite genteel. They allowed us to buy computers
for the next five years at the current U.S. prices as long as we
promised to buy a certain quantity. This means we’ve got price
protection – they’ve guaranteed us the same price for five years,
even if the company raises prices next year. Now mind you, the
inflation rate has remained stable in Britain these past five
years. So guess what? My company gained on this contract. Can’t say
I mind inflation in the U.S. I’ll drink a cup of tea to that.

QUESTIONs :
1. How is your individual affected by inflation?
2. How is your individual affected by deflation?
3. How is your individual affected by unexpected
inflation?
4. What is the difference between inflation and unexpected
inflation?
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Thank you so much for your help!