Question

Select the correct answer. Which statement describes the effect of inflation on purchasing power? A. As the rate of inflation remains constant, purchasing power increases. B. As the rate of inflation remains constant, purchasing power stays the same. C. As the rate of inflation increases, purchasing power increases. D. As the rate of inflation increases, purchasing power decreases.

Answer 1

Answer:

D

Step-by-step explanation:

more money for everyone = higher price of goods