Question

if a retired worker receives a fixed income of 45000 a year from a pension plan and there is a fall in the economy this year resulting in deflation then

Answer 1

if a retired worker receives a fixed income of 45000 a year from a pension plan and there is a fall in the economy this year resulting in deflation then his economic power would be increased
In Deflation condition, the average price of the products would go down. By having a same fixed income, this will bring more purchasing power to the retired worker

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