Multiple Choice
Who is likely to lose the least from an unanticipated inflation?
A) Chris, who loaned $5,000 to Todd at a fixed rate of interest.
B) Janice, whose wage is determined by a five year contract that does not include a cost of living adjustment.
C) Beth, who works for a firm that gives its employees an annual cost of living adjustment.
D) Steve, who has put his financial assets into a savings account paying a fixed rate of interest.
Correct Answer:

Verified
Correct Answer:
Verified
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