During a period of high inflation, which of the following groups in society would be most likely to gain?

Choice "b" is correct. During a period of high inflation, those with a fixed amount of debt will repay

their debt with inflated dollars and are thus likely to gain.

Choice "a" is incorrect. Those with a fixed income will see the purchasing power of their income

erode and are thus likely to be hurt.

Choice "c" is incorrect. Those holding a large amount of money will see the purchasing power of their

money erode and are thus likely to be hurt.

Choice "d" is incorrect. Cost of living adjustments take inflation into account, thus these individuals

are likely to be unaffected.