(Economics )Pick ONE of the individuals below and explain how inflation impacts that person.

Be sure to include examples from the lesson.

1. A 75-year old retired worker living on a monthly fixed income.

2. A single parent who has been working a minimum wage job for the last 5 years.

3. A small retail business owner.
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Which of the following is the most direct cause of cost-push inflation? a. rising production costs. b. reductions in wages. c. greater scarcity of natural resources. d. increasing supply of goods and services. 2b2t

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.