Which of the Following People Is Least Likely to Be

question 114

Multiple Choice

Which of the following people is least likely to be hurt by inflation?

• A)A salesperson who works on commission
• B)A retired couple living on a pension
• C)An individual who enters into a fixed-wage contract for the next three years
• D)An individual who agrees to lend money at a fixed rate of interest for the next three years
• E)An individual working at the minimum wage which seldom changes

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Definitions:

Random Effect

In statistical analysis, a variable that captures unobserved heterogeneity or randomness across subjects or entities.

Personality Tests

Assessments designed to measure and evaluate individuals' characteristic patterns of behavior, thoughts, and emotions to understand their personality.

Walter Mischel

A psychologist known for his research on personality and his influential work on the ability of children to delay gratification, demonstrated in the "marshmallow test."

Social Desirability

The tendency of individuals to present themselves in a manner that will be viewed favorably by others, often leading to distortion in self-report measures.