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Social Studies, 18.12.2019 12:31 jhakaiahscott3062

What is the main problem for people on a fixed income during a period of chronic inflation?

a. their income will not increase, so their purchasing power falls.
b. they have to ask for an increase in wages to match inflation.
c. their investments will not pay as much interest.
d. they have to wait for the government to react to the crisis.

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What is the main problem for people on a fixed income during a period of chronic inflation?

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