Question 17 1 pts Which statement is incorrect? Due to the substitution bias, inflation rates may overstate the changes in the cost of living A mortgage lender who receives fixed interest rate payments might be worse off when inflation is high as these payments are likely worth less than expected For a salaried worker, purchasing power is highest when wages are at the highest and inflation is at the lowest. Even if we know the values of the consumer price index for the years 2019 and 2020, we cannot calculate the inflation rate for 2020 if we do not know which year is the base year