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  • 14-09-2021
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How does inflation affect starndard of? ​

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lucaswalt4805 lucaswalt4805
  • 14-09-2021

Answer:

Inflation affects your standard of living because it can reduce your spending power. ... Wage earners experience the same problem if wages stay flat or if inflation outpaces wage increases. You avoid the ravages of inflation if your income level rises at a pace that exceeds the rate of inflation

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