namdh5197 namdh5197
  • 15-06-2017
  • Business
contestada

If you lived on a fixed income how would you be affected by inflation

Respuesta :

fernandoalonsoc
fernandoalonsoc fernandoalonsoc
  • 26-10-2019

Answer:

Increase of he cost of living VS stagnaition of income

Explanation:

Having a fixed income that is not adjusted by inflation affects the quality of living as year by year the cost of goods and services will rise but the income will remain the same. Therefore it is a matter of time until the income wont be  enough to pay all the expenses and costs.

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