Which group of people is likely to be the most concerned about inflation?
A) individuals whose wages are indexed to the rate of inflation.
B) businesses selling goods that are relatively price inelastic.
C) Retirees on a fixed income.
D) Corporations with a significant degree of monopoly power.

Question

Quizplus · Accepted Answer

Retirees on a fixed income are likely to be the most concerned about inflation as it reduces their purchasing power, making it more difficult for them to afford goods and services. As they cannot increase their income to compensate for rising prices, inflation can significantly impact their standard of living.

Which Group of People Is Likely to Be the Most