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Why does the Social Security Administration assess the size of the checks it sends to retirees each year and increase the payments if needed? Multiple

Why does the Social Security Administration assess the size of the checks it sends to retirees each year and increase the payments if needed? Multiple choice question. Because transfer payments need to be regulated by the government Because lawmakers do not want retirees to have reduced purchasing power due to inflation Because the safety net does not take into account the nominal income of retirees Because inflation increases the purchasing power of retirees with fixed income

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