If a Family's Income Doesn't Change, but Inflation Is 3

question 202

Multiple Choice

If a family's income doesn't change, but inflation is 3.5 percent, then the

• A) family will need to spend more in order to maintain its standard of living.
• B) family will need to spend less in order to maintain its standard of living.
• C) family's standard of living is not affected by inflation.
• D) family will need to spend the same amount in order to maintain its standard of living.

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