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How Will the Purchasing Power of an Income of $30,000

Question 95

Multiple Choice

How will the purchasing power of an income of $30,000 be affected if inflation increases?


A) It will be able to buy more.
B) It will be taxed more.
C) It will be taxed less.
D) It will be worth more than $30,000.
E) It will be able to buy less.

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