Business, 26.10.2020 16:40 20stirltrer

If person receives a salary raise of 3% and the rate of inflation is 5%, which statement is true? The salary raise is not enough to allow the person to buy as much as she did in the previous year. The salary raise is not enough to allow the person to buy as much as she did in the previous year. The rate of inflation did not keep up with salary increases. The rate of inflation did not keep up with salary increases. The person who received the salary increase will not be affected by the increase in prices. The person who received the salary increase will not be affected by the increase in prices. The rate of inflation is lower than it was the previous year.

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If person receives a salary raise of 3% and the rate of inflation is 5%, which statement is true? Th...

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