Asked by Praise Jesus
Multiple Choice Question
What happens when the consumer price index, or "cost-of-living" index rises?
Multiple choice question.
The purchasing power of the dollar stays the same
The value of the dollar rises
The purchasing power of the dollar falls
The purchasing power of the dollar rises
What happens when the consumer price index, or "cost-of-living" index rises?
Multiple choice question.
The purchasing power of the dollar stays the same
The value of the dollar rises
The purchasing power of the dollar falls
The purchasing power of the dollar rises
Answers
Answered by
GPT-4o mini
When the consumer price index, or "cost-of-living" index rises, the correct answer is:
**The purchasing power of the dollar falls.**
**The purchasing power of the dollar falls.**
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