Yesterday we discussed the problem of rising prices. In other words, or in the 【B1】______ terms, it is regarded as inflation. We

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问题 Yesterday we discussed the problem of rising prices. In other words, or in the 【B1】______ terms, it is regarded as inflation. We noted that, during the 【B2】______ of inflation, all prices and incomes do not rise at the same rate. Some incomes rise more slowly than the cost of living, and a few do not rise at all. Other incomes, 【B3】______ , rise more 【B4】______ than the cost of living.
    We concluded that persons with fixed incomes, as for example, the 【B5】______ who depend upon pensions, a person with slow-rising incomes as, for example, an 【B6】______ with a salary agreed to in a long-term 【B7】______ will be most seriously affected by inflation. Please 【B8】______ that while their dollar incomes stay the same, the cost of goods and services rises, and in effect, real income decreases; that is 【B9】______ .
    We also talked about the fact that 【B10】______ , since high prices would increase sales and profits would likely rise faster then the cost of living.
    And now, before we begin today’s lecture, 【B11】______ ?
【B3】

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