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Question: Which Of The Following Statements Is True About Andy If The Inflation Rate Is Increasing Every Year By 1 Percent And There Is No Growth In His Salary? A. Andy Can Afford To Buy More Luxury Items As Prices Go Down. B. Andy’s Employment Opportunities Will Increase. C. The Lack Of Growth In Andy’s Salary Will Increase The Average Inflation Rate. D. Andy’s …

Question: Which Of The Following Statements Is True About Andy If The Inflation Rate Is Increasing Every Year By 1 Percent And There Is No Growth In His Salary? A. Andy Can Afford To Buy More Luxury Items As Prices Go Down. B. Andy’s Employment Opportunities Will Increase. C. The Lack Of Growth In Andy’s Salary Will Increase The Average Inflation Rate. D. Andy’s …

Which of the following statements is true about Andy if theinflation rate is increasing every year by 1 percent and there isno growth in his salary?

a. Andy can afford to buy more luxury items as prices godown.
b. Andy’s employment opportunities will increase.
c. The lack of growth in Andy’s salary will increase theaverage inflation rate.
d. Andy’s cost of borrowing will be reduced.
e. Andy’s purchasing power will decrease.




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