Which of the following devalues money and reduces its purchasing power through persistent increase in prices?

Question

Quizplus · Accepted Answer

Inflation is the correct answer because it refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Which of the Following Devalues Money and Reduces Its Purchasing