How does inflation affect the income of consumers?

Question

Geography

Lizeth Lozano

30 May, 13:21

How does inflation affect the income of consumers?

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Answers (2)

Know the Answer?

Ariel Rivers · Answer 1

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Explanation:

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Rayan Cabrera · Answer 2

If inflation becomes too high, the economy can suffer conversely, if inflation is controlled and at reasonable levels, the economy may prosper. With controlled, lower inflation, employment increases. Consumers have more money to buy goods and services, and the economy benefits and grows.