Ask Question
18 September, 13:23

If deflation occurs and your income is fixed, your real income:

+3
Answers (1)
  1. 18 September, 14:04
    0
    Your real income value will increase. The value of your money has now become higher, since deflation is a decrease in the overall money supply. Any income you do have, if it stays the same, will be able to buy more in products than it previously was able to.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If deflation occurs and your income is fixed, your real income: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers