Which of the Following Individuals Would Be Most Negatively Affected

question 135

Multiple Choice

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

• A)a retired railroad 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 parlour who makes more than the minimum wage
• D)a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses
• E)a financial manager who gets paid a percentage of the money they manage

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Definitions:

Traditional View

A perspective or belief that is rooted in long-standing customs, practices, or values.

Existential Import

In logic, existential import refers to the implication that the subjects of a statement necessarily exist. It is crucial in understanding categorical propositions.

Modern View

Current or contemporary perspectives and understandings in a particular field or on a particular topic.

Existential Import

In logic, refers to the assumption that a statement implies the existence of the subject it mentions.