Answer:
The correct answer is: d. is the reciprocal of the price level.
Explanation:
In economics, the term "purchasing power" refers to the amount of goods and services that a currency can buy. It is directly related to the price level as follows: when price decreases, people are able to purchase more goods and thus we say that purchasing power increased; on the other hand, when prices increase, people are able to buy fewer goods with the same amount of money, and thus we say that purchasing power decreased.
When something is<u> instrumentally valuable</u>, it is good because it enables people to acquire other good things.
<h3>What is instrumentally valuable?</h3>
instrumentally value is the value that something has as a means to a desired end or has value. The instrumental value is always derived from the value of something else, and it is always conditional. The instrumental value of something fluctuates with changes in the desirability of the end end for which it is a means and whether alternative, more effective means are available.
For example, fishing line has instrumental value just in case one wants to catch fish; and its value could decrease if one had access to a much more efficient fishing net. It is undeniable that ecosystems and species have many different instrumental values (e.g. cultural value, recreational value, medicinal value, spiritual value, metabolic value, and financial value. natural resources and ecosystem service value). It is debatable (Norton 1995, Sarkar 2005, United Nations 1992b) as to whether ecosystems and biological species have non-instrumental, terminating or intrinsic (i.e. intrinsic) values.
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The US currency went off the gold standard.
The Great Depression was causing people to hoard gold. So using gold to back the dollar was no longer feasible because gold was untenable. Franklin Roosevelt made the decision to take the US off of gold.
Answer:
presidintial
Explanation:
one person can have more power
