Asked by Ethan Calura on May 28, 2024
Verified
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
Inflation
A general increase in prices and fall in the purchasing value of money over a period of time.
Salesperson
An individual who sells goods or services to customers, often responsible for negotiating prices, offering product insights, and closing sales.
Retired Couple
Two individuals in a partnership who have stopped working permanently, often relying on savings, pension, or government benefits for income.
- Understand the consequences of expected and unexpected inflation on individuals borrowing, lending, and the broader economic environment.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
A
Explanation :
A salesperson who works on commission is least likely to be hurt by inflation because their income can increase with rising prices, unlike fixed incomes or wages that do not adjust with inflation.
Learning Objectives
- Understand the consequences of expected and unexpected inflation on individuals borrowing, lending, and the broader economic environment.