Suppose $100 buys less in the year 2011 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 2011.
D) the economy must have been growing slowly between 2000 and 2011.

Question

Quizplus · Accepted Answer

If $100 buys less in 2011 than in 2000, it means that the value or purchasing power of money has decreased over time, implying that the store of value has decreased. This decrease in the store of value could be due to various reasons like inflation, decrease in economic growth, or an increase in the supply of money. Option C and D cannot be determined without additional information, and Option B is incorrect based on the given scenario.

Suppose $100 Buys Less in the Year 2011 Than in 2000.Then