\"Everyone is hurt by inflation.\" That statement is: A. Correct B. Incorrect be

Question

"Everyone is hurt by inflation." That statement is: A.  Correct B.  Incorrect because a price increase to one person is higher income to another C.  Incorrect because people buy the same bundle of goods D.  Incorrect because this statement concerns real income and not nominal income "Everyone is hurt by inflation." That statement is: A.  Correct B.  Incorrect because a price increase to one person is higher income to another C.  Incorrect because people buy the same bundle of goods D.  Incorrect because this statement concerns real income and not nominal income

Explanation / Answer

b Incorrect  because a price increase to one person is higher income to another

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