If You Are Living in a Period of Continued High

question 137

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

---

Definitions:

Job Data

Information related to employment positions including duties, requirements, salary ranges, and performance expectations.

Workers

Individuals engaged in some form of employment or labor, contributing skills and effort in exchange for compensation.

Traditional Boundaries

Refers to the conventional or established limits that define the scope of a particular field, activity, or relationship.

Fast-changing Environment

A context or situation that evolves rapidly, requiring adaptability and quick response from businesses or individuals.