Answer to Question #16757 in Other Economics for Faizal lerrr

Question #16757
when the economy became relatively rapid inflation, what will happen to pensoiner who recieves fixed monthly fixed income
1
Expert's answer
2012-10-19T09:14:41-0400
This pensioner will receive the same amount of money, but its real value will
rapidly decrease every month. So his ability to buy will decrease.

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