multiple select question\nselect all that apply\nwhich of the following groups are affected most by high…

multiple select question\nselect all that apply\nwhich of the following groups are affected most by high inflation rates?\n□ individuals who have student loans\n□ union members and white - collar workers\n□ retirees and pensioners\n□ people on fixed incomes

multiple select question\nselect all that apply\nwhich of the following groups are affected most by high inflation rates?\n□ individuals who have student loans\n□ union members and white - collar workers\n□ retirees and pensioners\n□ people on fixed incomes

Answer

Brief Explanations:

High - inflation reduces the purchasing power of money. Retirees, pensioners, and people on fixed incomes see the real - value of their money decline as prices rise. Their income doesn't adjust with inflation immediately. Individuals with student loans may benefit from inflation as the real - value of the debt decreases over time. Union members may have contracts that adjust for inflation, and white - collar workers may have more flexibility in getting salary increases.

Answer:

C. Retirees and pensioners D. People on fixed incomes