Which is the most likely result of incomes not rising as quickly as inflation?
(1 point)
Responses
People are able to buy fewer goods and services.
People are able to buy fewer goods and services.
The unemployment rate rises as more people look for jobs.
The unemployment rate rises as more people look for jobs.
Many people decide to leave the labor force.
Many people decide to leave the labor force.
Consumers buy more goods before inflation raises prices more.
1 answer
People are able to buy fewer goods and services.
1 answer