Which of the following statements is true?
A. Inflation will have no effect on an individual whose income is indexed to the inflation rate.
B. An individual living on a fixed income is always made better off as a result of deflation.
C. Everyone in society benefits from inflation.
D. Those individuals receiving welfare benefits have been harmed by inflation because increases in welfare payments have not kept pace with inflation.
Answer: D
Economics
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The returns from productive capital investment are determined by interest rates
Indicate whether the statement is true or false
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