Multiple Choice
You receive a raise of 3% at work.The rate of inflation is reported to be 5%.
A) Your purchasing power has decreased 2%.
B) Your purchasing power has increased 2%.
C) Your purchasing power remains the same.
D) Your purchasing power is not a variable and therefore is not affected.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A price level of 120 means that
Q3: _ will benefit from inflation.<br>A)Savers<br>B)Borrowers<br>C)Lenders<br>D)People on fixed
Q4: The most widely used measure for tracking
Q5: Fiat money is<br>A)money that has value because
Q6: If the Consumer Price Index in year
Q7: Purchasing power<br>A)reflects the number of goods and
Q8: When inflation occurs, money saved _ its
Q9: You have been offered two jobs in
Q10: You are attending the same University where
Q11: Providing a common measure of the worth