In the case where there is 2 raise and the inflation rate should be 3% so it means that it makes lower money in the today dollars.
What is the inflation rate?
The inflation rate is the rate where the prices are increased over the given peior of time. Since there is 2 raise also the rate of inflation should be 3%
so it means the less money should be money in today time.
Therefore, we can conclude that the option c is correct.
learn more about rate here: https://brainly.com/question/18432218
