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To increase your standard of living, your wages must:
 
A. Rise faster than the inflation rate
B. Rise slower than the inflation rate
C. Keep pace with the inflation rate
D. Have a negative inflation rate

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Joshua Stredder
Joshua StredderLv10
8 Nov 2020

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Related questions

Match the following items

List I                                                 List II

a. Stagflation                             (i) Rapid increase in prices

b. Unanticipated inflation            (ii) Stagnant growth and inflation

c. Hyperinflation                        (iii) Increase in price level at a faster pace than expected

Why are economists concerned about inflation?

a. Inflation generally causes unemployment rates to rise. 

b. Real GDP is necessarily falling when there is inflation.

c. Inflation lowers the standard of living for people whose income does not increase as fast as the price level. 

d. Inflation increases the value of peoples' saving and encourages overspending 

Why are economists concerned about inflation? 
 
A. Inflation generally causes unemployment rates to rise.
B. Real GDP is necessarily falling when there is inflation.
C. Inflation lowers the standard of living for people whose income does not increase as fast as the price level.
D. Inflation increases the value of peoples' saving and encourages overspending on goods and services

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