Inflation

question 129

Multiple Choice

Inflation:

• A)always reduces real income.
• B)never reduces real income.
• C)reduces the real income of workers when wages increase more than prices do.
• D)reduces the real income of workers when wages increase less than prices do.
• E)increases the real income of workers only when wages increase less than prices do.

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Definitions:

LSAT

The Law School Admission Test, a standardized test administered by the Law School Admission Council for prospective law school candidates.

Logic Games

Puzzles or problems that require the use of logical reasoning to solve.

Tautology

A statement or formula that is true in every possible interpretation, an irrefutable assertion.

Equivalent Statements

Phrases or sentences that express the same idea or proposition in different words.