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Because people who are unemployed have no constant source of income, and the higher the costs of things they buy go up, and the less money they receive, the worse-off they are.
Question irrelevant, since there is currently zero inflation. Food and housing and general living cost are NOT rising. The unemployed have problems, but inflation is not one.
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∙ 13y ago
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How has inflation affected the lives of the unemployed people and people collecting social grant?
When inflation goes up and now your rent has increased and so has everything that you
Who is not affected by inflation?
Absolutely everybody is affected by inflation. Poor and rich people are affected by inflation although in different degrees.
How does the unemployed get affected by housing?
If the unemployed HAVE housing, they do not get wet when it rains at night.
How did inflation affected the Roman Empire?
inflation happens when money loses its value and it affected the Roman Empire.
what currency is least affected by inflation?
Inflation is endemic in a capitalistic society. Different economies (currencies) are affected differently and over time there is no such thing as a safe currency.
Which occupation would be LEAST affected by inflation?
Undertakers.
Are those costs which firm has no control?
Costs which are affected by inflation
Incorrect tire inflation can adversely affect?
Tire wear, vehicle handling and gas mileage.
What happened to the unemployed Jews during the boycott of Jewish businesses?
The boycotts would not have affected them in any way.
Any idea which are the most affected countries due to inflation?
You might want to check out Zimbabwe's inflation rate and check out what is happening in that country at the moment. latest inflation rate 2.3million% most places run at 4%
What affected Ford's economic policy have on the economy?
Inflation went down due to the spending cuts
What types of people are most negatively affected by inflation and the depreciation of the dollar?
Poor people loose the most from inflation. Their scarce dollars buy less and less. Rich people, especially the ultra rich power brokers gain the most from inflation because 1. They have plenty of money and are not really affected by inflation. 2. They typically own the means of production and higher prices just means more money for them.
