When the prices of goods and services rise

Name: When the prices of goods and services rise
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

When the prices of goods and services rise, the value of money falls. This is because inflation decreases the purchasing power of money. As the value of money decreases, it requires more money to purchase the same amount of goods and services, leading to a decrease in the real value of money. Therefore, choice D is the correct answer.

When the Prices of Goods and Services Rise