During periods of inflation, which of the following events does NOT occur?
A) Mortgage lenders seek inflation adjustments.
B) Workers seek escalator clauses.
C) People on a fixed income have increased standards of living.
D) People on a fixed income have decreased standards of living.

Question

Quizplus · Accepted Answer

During periods of inflation, the purchasing power of money decreases, which means that people on a fixed income typically experience a decreased standard of living, not an increased one.

During Periods of Inflation, Which of the Following Events Does