Which of the Following Statements Is FALSE

question 122

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.

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Definitions:

Unarmed People

Individuals who are not carrying, holding, or possessing weapons, making them vulnerable in conflicts or violent situations.

Groupthink

A psychological phenomenon where the desire for harmony or conformity within a group leads to an irrational or dysfunctional decision-making outcome.

Harmony

A state of agreement, peacefulness, or concord between individuals or groups; also refers to a pleasing combination of musical notes.

Cognitive Dissonance

A psychological state that occurs when an individual holds two or more contradictory beliefs, ideas, or values at the same time, often leading to discomfort and a drive to reduce the inconsistency.