What is inflation?
a. An increase in the purchasing power of the dollar
b. A decrease in the purchasing power of the dollar
c. An increase in the purchasing power of foreign currency
d. A decrease in the purchasing power of foreign currency

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10-02-2015
Social Studies

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What is inflation?
a. An increase in the purchasing power of the dollar
b. A decrease in the purchasing power of the dollar
c. An increase in the purchasing power of foreign currency
d. A decrease in the purchasing power of foreign currency

Sagot :

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Gibbsidn Gibbsidn · Answer 1 · 2015-02-10T15:09:26-05:00

Gibbsidn Gibbsidn

10-02-2015

Inflation is a situation where the price levels of goods rises over time relative to a previous point. In this situation the purchasing power of any currency is decreased over time. Therefore, the best answer is B) a decrease in the purchasing power of the dollar and also D) of the foreign currency.

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