If prices rise on average in the U.S.economy,the purchasing power of a dollar declines.

Name: If prices rise on average in the U.S.economy,the purchasing power of a dollar declines.
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Quizplus · Accepted Answer

This is because if prices increase, it means more dollars are needed to buy the same amount of goods and services. So, the ability of a dollar to buy things decreases, which means its purchasing power has declined.

If Prices Rise on Average in the U