Final answer:
The elderly and those on a fixed income are typically the group of people who are hurt the most by high inflation.
Step-by-step explanation:
The correct answer is d. The elderly and those on a fixed income are typically the group of people who are hurt the most by high inflation. This is because their incomes are fixed, which means that as prices rise, their purchasing power decreases. As a result, they may struggle to afford the same standard of living and may have difficulty meeting their basic needs.
For example, if a retired person receives a fixed pension payment each month and the prices of goods and services increase due to inflation, they may find it harder to buy the same amount of goods and services with their fixed income. This could lead to a decline in their overall quality of life.
Therefore, it is important for governments and policymakers to consider the impact of high inflation on vulnerable groups like the elderly and those on a fixed income, and take measures to protect their financial well-being.
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