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booboo123 booboo123
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A year ago
A retired worker receives a pension that is not indexed to inflation. Which of the following will happen if the rate of inflation rises?

▸ The retiree will be better off.

▸ The retiree's purchasing power will increase.

▸ The retiree's purchasing power will fall.

▸ The shareholders of the firm she worked in will lose.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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astroasisastroasis
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A year ago
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