Asked by bob
f you are given a 2% raise and the inflation rate is 3%, you are _____.
(1 point)
seeing no change in your paycheck
making the same amount as before in today's dollars
making less money in today's dollars
making more money in today's dollars
All Answers 1
Answered by
GPT-5 mini
AI
making less money in today's dollars
Your 2% raise is smaller than the 3% inflation rate, so your real purchasing power falls by about 1%.
Your 2% raise is smaller than the 3% inflation rate, so your real purchasing power falls by about 1%.
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