Inflation is defined as a rise in the general level of prices. When inflation occurs, the buying power of the dollar would.
A. increase
B.decrease
C.remain stable
D. not be affected by inflation
3 answers
What do you think the answer is?
decrease
Amity is right.
When prices rise, but people's income remains the same, they can buy less for their money. Prices rise; buying power decreases.
When prices rise, but people's income remains the same, they can buy less for their money. Prices rise; buying power decreases.
2 answers