Inflation can decrease _____, which reduces the amount of goods and services a person can afford. price levels purchasing power job opportunities

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asked Sep 26, 2017 139k views

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Josh Ribeiro · Answer 1 · 2017-10-02T14:06:43+0000

Inflation is the situation in which the same amount of money is worth less- meaning that it will have less purchasing power (so one can buy less for 100 dollars now than 10 years ago) - the correct answer is "purchasing power". Lower purchasing power reduces the amount of goods that people can afford.

Inflation can decrease _____, which reduces the amount of goods and services a person can afford. price levels purchasing power job opportunities

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