Ramona is living on a fixed income since her retirement. She is worried that the economy is expanding too rapidly, which could result in

Name: Ramona is living on a fixed income since her retirement. She is worried that the economy is expanding too rapidly, which could result in
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rapid expansions of the economy may result in inflation, a continuing rise in prices. Inflation can be harmful if individuals' incomes do not increase at the same pace as rising prices, reducing their buying power.

Ramona Is Living on a Fixed Income Since Her Retirement