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LenaWriter [7]
3 years ago
5

Jack decided to save 10% of his annual earnings for 5 years so he could purchase a Tesla. After 5 years, what change in the econ

omy would cause an increase in the purchasing power of the funds he has managed to save
Business
1 answer:
Softa [21]3 years ago
5 0

Answer:

Deflation

Explanation:

A deflation is a fall in general price level.

When there is a deflation, things become cheaper and purchasing power increases.

Deflation is usually caused by a widespread fall in demand

For example, if there is a deflation, the price of the Tesla would fall and it would be relatively cheaper than it was 5 years ago.

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3 years ago
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Studentka2010 [4]
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4 0
4 years ago
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The correct answer is A.

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