BernardineDellis
Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

What is inflation?
a. An increase in the purchasing power of the dollar
b. A decrease in the purchasing power of the dollar
c. An increase in the purchasing power of foreign currency
d. A decrease in the purchasing power of foreign currency

Sagot :

Gibbs
Inflation is a situation where the price levels of goods rises over time relative to a previous point. In this situation the purchasing power of any currency is decreased  over time. Therefore, the best answer is B) a decrease in the purchasing power of the dollar and also D) of the foreign currency. 
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.