Which of the following people is least likely to be hurt by inflation?
A)A salesperson who works on commission
B)A retired couple living on a pension
C)An individual who enters into a fixed-wage contract for the next three years
D)An individual who agrees to lend money at a fixed rate of interest for the next three years
E)An individual working at the minimum wage which seldom changes

Question

Quizplus · Accepted Answer

A salesperson who works on commission is least likely to be hurt by inflation because their income can increase with rising prices, unlike fixed incomes or wages that do not adjust with inflation.

Which of the Following People Is Least Likely to Be