Which of the following would most likely suffer the least from the costs of inflation?
A)persons on fixed incomes
B)persons whose incomes rise more rapidly than inflation
C)firms that have to devote more time and labor to raising prices
D)an investor that has to pay higher taxes because of the inflation

Question

Quizplus · Accepted Answer

Persons whose incomes rise more rapidly than inflation would suffer the least from the costs of inflation as their purchasing power wouldn't be reduced. In fact, they would even experience an increase in their real income.

Which of the Following Would Most Likely Suffer the Least