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AP® Macroeconomics

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Person Harmed the Least by Unanticipated Inflation

APMACR-EPXXJN

Which of the following persons would be harmed the least by unanticipated inflation?

A

Iona Banck, who has loaned $5,000 to Anita Nucar to purchase an automobile.

B

Bill Foldes, who has a job with a cost of living adustment in his union contract.

C

Heidi Claire, a homeowner who purchased her home with an adjustable-rate mortgage.

D

Gerry Atric, a retired teacher living on a fixed income.

E

Rence Dunow, a landlord who rents an apartment to his tenants with a three year lease.