Suppose $100 buys less in the year 2017 than in 2000.Then we can say that
A) money's store of value has decreased.
B) money's store of value has increased.
C) the economy must have been growing rapidly between 2000 and 2017.
D) the economy must have been growing slowly between 2000 and 2017.

Question

Quizplus · Accepted Answer

If $100 buys less in 2017 compared to 2000, it means that the value of money has decreased over time. This is indicative of inflation increasing the prices of goods and services, leading to a decrease in the store of value of money. Thus, option A is the correct choice. The other options are not necessarily true or related to the given scenario.

Suppose $100 Buys Less in the Year 2017 Than in 2000.Then