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MC 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

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MC 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 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%. purchasing power of their savings will increase by 8%

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