As the prices of goods and services increase, the value of money
A) stays the same.
B) increases.
C) decreases.
D) increases initially and then decreases.
E) decreases initially and then increases.

Question

Quizplus · Accepted Answer

As the prices of goods and services increase, the purchasing power of money decreases, which means that the value of money decreases. This is because it takes more money to buy the same amount of goods and services as before.

As the Prices of Goods and Services Increase, the Value