Subject - Economics:

Macroeconomics

MCQ - 33-4043

Question:

Which of the following are harmed by unexpectedly high rates of inflation?

Borrowers repaying a long-term loan at a fixed interest rate.
Savers who have put their money in long-term assets that pay a fixed interest rate.
Workers who have negotiated cost-of-living raises into their contracts.
Savers who have put their money in long-term assets that pay a fixed interest rate.
Employers paying workers the minimum wage.

Correct Answer: C

Explanation:

Savers receive interest payments in “cheap” dollars and lose the purchasing power of their interest income due to rapid inflation.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following are harmed by unexpectedly high rates of inflation? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 33-4043.

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