Question

Which of the following would most likely suffer the least from the costs of​ inflation?

A. an investor that has to pay higher taxes because of the inflation
B. persons on fixed incomes
C. firms that have to devote more time and labor to raising prices
D. persons whose incomes rise more rapidly than inflation

Answer 1

B. Persons on fixed incomes.

Step-by-step explanation:

Inflation is a general increase in prices and fall in the purchasing value of money, therefore, a person with a fixed income will not be affected.