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.
Egyptians live their lives by serving gods.
Egyptians had many gods and their lives revolved around them, the successor or representative of god was the king and was considered holy and the most powerful, making Egyptians serve him for life. In return the king used to bestow favors and other facilities to them; this was the central idea of Egyptian lives.
If we look at the Ancient Greece, the origins of Democracy are not closely related to the free market economy. But, in todays world, democratic institutions offer more freedom and less market intervention. At the same time, free market needs the democratic institutionalism.