1
Question
The purchasing power of money depends upon the __________.
The purchasing power of money depends upon the __________.
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Solution
The correct option is A price level
A
is correct. A rise in inflation /price
levels means less goods can be purchased for the same amount & vice versa.
Rest all options do not directly affect the purchasing power of money.
A is correct.
A rise in inflation /price
levels means less goods can be purchased for the same amount & vice versa.
Rest all options do not directly affect the purchasing power of money.
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