The purchasing power of money is inversely proportional to the Consumer Price Index.

True

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False

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Solution

The correct option is A
True

CPI is inversely proportional to the purchasing power of money.

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Similar questions

Which of the following statement(s) is/are correctly stated?

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Which index number is used to calculate purchasing power of money and real wage?

When the price of a commodity falls, the consumer will have greater purchasing power

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