Multiple Choice
Which of the following statements is FALSE?
A) An individual living on a fixed income is always made worse off as a result of inflation.
B) Those individuals receiving welfare benefits have been harmed by inflation because increases in welfare payments have not kept pace with inflation.
C) Inflation will have no effect on an individual whose income is indexed to the inflation rate.
D) Some people in society benefit from inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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