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Question 31 (1 point) Arlina got a 5% raise while the rate of inflation was 6%. Arlina's standard of living: '14,} a) fell by about
Question 31 (1 point) Arlina got a 5% raise while the rate of inflation was 6%. Arlina's standard of living: '14,} a) fell by about 1% ._~:' b) rose by about 1%. c) fell by about 100%. '1} d) rose by about 100%. Question 33 (1 point) Which of the following groups benefits from an unanticipated rise in the inflation rate? a) workers on contracts without escalator clauses bl creditors or lenders Cl homeowners with fixed-rate mortgages d) elderly people living on a fixed income Question 34 (1 point) In the United States, our principal measure of inflation is: a) the consumer price index. I bl gross domestic product. C) the producer price index. l dl the Leading Economic Index. Question 40 (1 point) Jenniferjust got news that she is getting a 5% raise. However, the Bureau of Labor Statistics just reported that prices are rising by 7%. 7 a) Inflation has no impact on purchasing power. b) Jennifer is losing purchasing power by about 2%. c) Jennifer's purchasing power is rising by about 7%. 3:77,} cl) Jennifer is ahead by about 2%
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