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 works under a labor contract calling for a fixed wage for the next three years
D)an individual who contracts to lend money for 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 fixed interest rates which lose purchasing power.

Which of the Following People Is Least Likely to Be