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-The Purchasing Power of Money

Question 61

Multiple Choice
-The purchasing power of money

-The purchasing power of money A) increases as the level of relative prices increases. B) has been rising in the United States since the 1940s. C) is the nominal value of money. D) is the nominal value of income. E) is the value of goods and services that can be bought with a dollar.
-The purchasing power of money


A) increases as the level of relative prices increases.
B) has been rising in the United States since the 1940s.
C) is the nominal value of money.
D) is the nominal value of income.
E) is the value of goods and services that can be bought with a dollar.

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