Which of the following people is least likely to be hurt by inflation?
a. A salesperson who works on commission
b. A retired couple living on a pension
c. An individual who enters into a fixed-wage contract for the next three years
d. An individual who agrees to lend money at a fixed rate of interest for the next three years
e. An individual working at the minimum wage which seldom changes
a
Economics
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A __________ shift in the demand curve for a foreign currency causes the foreign currency to __________
A) rightward; appreciate B) leftward; appreciate C) rightward; depreciate D) None of the above.
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Assuming that C + Ir + G < C + I + G, then
a. there is an unintended inventory accumulation. b. there is an unintended inventory shortfall. c. aggregate demand is less than output. d. Both b and c
Economics