Which of the following are most negatively affected by a high inflation rate?
A) young people
B) people on fixed incomes
C) new workers
D) government workers

Question

Quizplus · Accepted Answer

People on fixed incomes are most negatively affected by high inflation rates because the value of their income decreases as the cost of goods and services increases. They may struggle to afford basic necessities like food and housing. Young people, new workers, and government workers may also be affected by inflation rates, but not to the same extent as those on fixed incomes.

Which of the Following Are Most Negatively Affected by a High