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praveen brilliance
on Nov 22, 2024

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In periods of inflation, the purchasing power of money increases.

Purchasing Power

The ability of an individual or group to buy goods and services, influenced by their income, savings, and the prices of goods and services.

Inflation

An increase in the general level of prices of products in an economy over a period of time.

  • Understand the impact of inflation on purchasing power.
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Kerry RodriquezNov 23, 2024
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