If the cost of groceries goes up by 10 percent this year, the amount of groceries you can buy for $50 decreases by that same 10 percent. This is an example of
A)deflation.
B)a recession.
C)a rise in GDP.
D)a decline in GDP.
E)a decrease in purchasing power.

Question

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The Answer of If the cost of groceries goes up by 10 percent this year, the amount of groceries you can buy for $50 decreases by that same 10 percent. This is an example of
A)deflation.
B)a recession.
C)a rise in GDP.
D)a decline in GDP.
E)a decrease in purchasing power.

If the Cost of Groceries Goes Up by 10 Percent