Which of the Following Groups Would Not Tend to Lose

question 40

Multiple Choice

Which of the following groups would not tend to lose from an unexpected inflation?

• A)Retirees on fixed pensions
• B)Creditors who had lent money before inflation and are being repaid after inflation
• C)People whose incomes are tied to long-term contracts
• D)Debtors who had borrowed before inflation and are repaying the loan after inflation
• E)Firms which had agreed to sell a particular product for a fixed price for a given number of years

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Definitions:

Secular Reforms

Changes or enhancements made to laws, institutions, and societal norms that reduce the influence of religious organizations and beliefs on public and governmental affairs.

Republic of Turkey

A country located at the crossroads of Europe and Asia, established in 1923 from the remnants of the Ottoman Empire, known for its rich cultural heritage and strategic geopolitical location.

Welfare State

A social system in which the government assumes responsibility for the wellbeing of its citizens by providing social and economic protections and services.

Political Interest Groups

Organizations that seek to influence government policy and decision-making without seeking formal political office, often by lobbying or campaigning.