Multiple Choice
If a family's income doesn't change, but inflation is 3.5 percent, then the
A) family will need to spend more in order to maintain its standard of living.
B) family will need to spend less in order to maintain its standard of living.
C) family's standard of living is not affected by inflation.
D) family will need to spend the same amount in order to maintain its standard of living.
Correct Answer:

Verified
Correct Answer:
Verified
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