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Retnec Retnec
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7 years ago
Which of the following is most likely to benefit from unanticipated inflation?
A) a retired couple living on a fixed income
B) an individual with a savings account that pays a fixed rate of interest for the next 2 years
C) a young couple who borrowed money at a fixed interest rate in order to purchase a home
D) an assembly-line worker whose long-term contract does not contain a cost-of-living adjustment clause
E) a school teacher whose home mortgage loan payments automatically adjust to reflect changes in market interest rates
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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#2
7 years ago
You have the correct answer! Smiling Face with Halo
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