Which of the Following Individuals Would Be Most Negatively Affected

question 19

Multiple Choice

Which of the following individuals would be most negatively affected by 'anticipated inflation'?

• A)A retired railway engineer who receives a fixed income payment every month.
• B)A union contractor whose pay is adjusted based on changes in the CPI.
• C)A full-time employee at a pizza shop who earns more than the minimum wage.
• D)A student who borrows $10 000 at a nominal interest rate of 5% to finance educational expenses.

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Definitions:

Behavioural Description Interviews

Behavioural Description Interviews are a type of job interview technique where candidates are asked to describe past behavior in specific situations to predict future performance.

Hypothetical Situations

Imagined scenarios used for problem-solving exercises, planning, or evaluating potential outcomes and responses.

Employers

Organizations or individuals that hire and pay people to perform specific jobs.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior, ensuring equity, justice, and social order.