If you are living in a period of continued high inflation on a fixed income (that is not indexed), the cost of the goods and services you buy ____ and your income ____.
A)decreases, decreases
B)increases, increases
C)decreases, remains the same
D)increases, remains the same

Question

Quizplus · Accepted Answer

In a period of high inflation, the cost of goods and services increases, while a fixed income that is not indexed remains the same, reducing purchasing power.

If You Are Living in a Period of Continued High