Which of the Following Individuals Would Be Most Negatively Affected

Multiple Choice

Which of the following individuals would be most negatively affected by 'anticipated inflation'?

A) A retired railway engineer who receives a fixed income payment every month.
B) A union contractor whose pay is adjusted based on changes in the CPI.
C) A full-time employee at a pizza shop who earns more than the minimum wage.
D) A student who borrows $10 000 at a nominal interest rate of 5% to finance educational expenses.