Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A) An individual living on a fixed income is always made better off as a result of deflation.
• 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) Everyone in society benefits from inflation.

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests, where most scores are near the average and few are very high or very low.

Raw Scores

The original, unmodified scores obtained directly from a test or assessment before any adjustments or conversions are applied.

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests where most occurrences take place in the middle of the distribution.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.