Multiple Choice
Jennifer just got news that she is getting a 5% raise.However,the Bureau of Labor Statistics just reported that prices are rising by 7%.
A) Jennifer is ahead by 2%.
B) Jennifer is losing purchasing power by 2%.
C) Inflation has no impact on purchasing power.
D) Jennifer's purchasing power is rising by 7%.
Correct Answer:
Verified
Correct Answer:
Verified
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