Asked by
Brooke Gladen
on Oct 13, 2024
Verified
When the value of the dollar has decreased,
A) the cost of living has increased.
B) deflation has occurred.
C) your real income has increased.
D) your purchasing power has increaseD.
Purchasing Power
Purchasing power denotes the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
Real Income
Income adjusted for inflation, reflecting the actual purchasing power of money received.
- Identify the influence of inflation on the ability to buy and the factual value of money.
Verified Answer
JG
Learning Objectives
- Identify the influence of inflation on the ability to buy and the factual value of money.