Of the following groups, the one hurt MOST by unanticipated inflation is

A) retirees who are living on fixed incomes.

B) workers with cost-of-living adjustment contracts.

C) banks who have made short-term adjustable rate mortgages.

D) people who have invested savings in variable rate returns.

Question

11-05-2020
Social Studies

contestada

Of the following groups, the one hurt MOST by unanticipated inflation is

A) retirees who are living on fixed incomes.

B) workers with cost-of-living adjustment contracts.

C) banks who have made short-term adjustable rate mortgages.

D) people who have invested savings in variable rate returns.

Respuesta :

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Baraq Baraq · Answer 1 · 2021-10-26T13:56:17+02:00

The one hurt MOST by unanticipated inflation is "retirees who are living on fixed incomes."

This is because inflation is a condition where the price of goods is high, making people spend more on the same amount of goods they buy for less before.

In this case, a retiree with a fixed income would spend more when there is unanticipated inflation, and this period would hurt him more as he earns a fixed income.

Hence, in this case, it is concluded that the correct answer is option A. "retirees who are living on fixed incomes."

Learn more here: https://brainly.com/question/22881720

Of the following groups, the one hurt MOST by unanticipated inflation is A) retirees who are living on fixed incomes. B) workers with cost-of-living adjustment contracts. C) banks who have made short-term adjustable rate mortgages. D) people who have invested savings in variable rate returns.

Respuesta :

Otras preguntas

Of the following groups, the one hurt MOST by unanticipated inflation is

A) retirees who are living on fixed incomes.

B) workers with cost-of-living adjustment contracts.

C) banks who have made short-term adjustable rate mortgages.

D) people who have invested savings in variable rate returns.