If You Are Living in a Period of Continued High

Multiple Choice

If you are living in a period of continued high inflation on a fixed income (that is NOT indexed) ,what is the impact on the cost of the goods and services you buy and your income?

A) the cost of goods and services increases and your income remains the same
B) the cost of goods and services decreases and your income remains the same
C) the cost of goods and services and your income both increase
D) the cost of goods and services and your income both decrease