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Business, 20.09.2020 09:01 jm00120

Which of the following circumstances is most likely to reduce one's standard of living? 1. An increase in the cost of some goods such as escalating gasoline prices.
2. A decrease in the cost of some goods such as a decrease in housing prices.
3. Stable prices and an increase in employee wages.
4. Losing your job, but gaining a sizeable inheritance.

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