When prices rise, the purchasing power of money
A)rises.
B)falls.
C)is unaffected.
D)may rise, fall, or be unaffected depending upon circumstances.

Name: When prices rise, the purchasing power of money A)rises. B)falls. C)is unaffected. D)may rise, fall, or be unaffected depending upon circumstances.
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Question

Quizplus · Accepted Answer

When prices rise, the same amount of money can now buy fewer goods and services, which means the purchasing power of money falls.

When Prices Rise, the Purchasing Power of Money