Econ 9

IIC QU. 26-124 (Algo) Suppose a family's income increases by... Suppose a family's income increases by 3 percent at the same time that inflation is 5 percent. Then the rev: 10_21_2020_QC_CS-236105 Multiple Choice O purchasing power of their income will decrease. O family's standard of living will increase. O purchasing power of their income will increase by 8%. O purchasing power of their savings will increase by 8%