Inflation that is sudden or unexpected tends to hurt which of these groups of people MOST?

A) people who have a steady job

B) people who have borrowed money

C) people who have loaned money to others

D) people who have investments in the stock market

Question

James Roach

Social Studies

13 September, 11:08

Inflation that is sudden or unexpected tends to hurt which of these groups of people MOST?

A) people who have a steady job

B) people who have borrowed money

C) people who have loaned money to others

D) people who have investments in the stock market

+5

Answers (1)

Know the Answer?

Lillian · Answer 1

The correct answer is A. Unexpected or unanticipated inflation - inflation that has not been planned for - affects lenders, since the money they get back is not as worthy as it used to be, but it affects people with a steady job the most, because they will receive lower actual wages and their purchasing power will decrease.

Inflation that is sudden or unexpected tends to hurt which of these groups of people MOST?A) people who have a steady jobB) people who have borrowed moneyC) people who have loaned money to othersD) people who have investments in the stock market

Inflation that is sudden or unexpected tends to hurt which of these groups of people MOST?

A) people who have a steady job

B) people who have borrowed money

C) people who have loaned money to others

D) people who have investments in the stock market