Choose one or more: A. Next year, the average monthly Social Security payment will be almost $1,800. B. The cost-of-living adjustment for 2020 is more than what it was in 2019. C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs. D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used. E. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.

Q: Define the term inflation factor?

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Q: Which situation best illustrates the effects of inflation?

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Q: inflation rate

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