Over the past 50 years,the value of a U.S.dollar
A) has remained remarkably stable.
B) has steadily shrunk to less than one-sixth its previous value.
C) has gone up and down, finally declining to about one-half its former value.
D) declined steadily until the early 1980s, when it began to slowly rise again.
E) has risen steadily, hurting people on fixed incomes.

Question

Quizplus · Accepted Answer

Over the past 50 years, inflation has led to the decrease in the purchasing power of the U.S. dollar, meaning it has steadily shrunk in value. This is a general trend observed in most fiat currencies over time due to inflationary pressures.

Over the Past 50 Years,the Value of a U