When There Is Inflation

question 24

Multiple Choice

When there is inflation,

• A) average prices fall.
• B) the value of money falls.
• C) your standard of living rises if the prices of what you buy rise faster than your income.
• D) the purchasing power of your savings rises.
• E) your standard of living falls if your income rises faster than the prices of what you buy.

---

Definitions:

Health and Well-being

The state of complete physical, mental, and social wellness, not merely the absence of disease or infirmity.

Occupational Safety

The discipline concerned with designing, implementing, and enforcing safe workplace conditions to prevent work-related injuries and illnesses.

Health Act

Legislation that pertains to the regulation, provision, and quality of healthcare services.

OSHA

Is both the act that authorized the U.S. government to create various standards regarding occupational safety and health and the administrative agency that enforces those standards.