During periods of inflation Question 15 options everyones re

During periods of inflation,

Question 15 options:

everyone\'s real income falls.

those people who have fixed incomes benefit.

those people whose real income rises faster than the general price level benefit.

those people who enter long-term wage agreements benefit.

Solution

During the period of Inflation, the real income of the individual decrease as the goods and services in the economy get costlier and thee purchasing power of the economy is reduced.

The answer is \"A\" Everyone\'s real income falls.