Suppose That in 2013,all Prices in the Economy Increased by 50

Multiple Choice

Suppose that in 2013,all prices in the economy increased by 50% and that all wages and salaries also increased by 50%.Which of the following is true?

A) In 2013, you were better off than you were in 2012 as your salary was higher than it was in 2012 and you could buy more goods and services.
B) In 2013, you were worse off than you were in 2012 as you could no longer afford to buy as many goods and services.
C) In 2013, you were no better off or worse off than you were in 2012 as the purchasing power of your salary remained the same.
D) The purchasing power of your salary cannot be determined with the given information, so you cannot determine if you were better off or worse off in 2013 than in 2012.