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The statement "Today, the dollar is worth about 45 cents," describes a. inflation b. prices c. supply and demand d. taxation e. deflation
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The statement "Today, the dollar is worth about 45 cents," describes

a.

inflation

b.

prices

c.

supply and demand

d.

taxation

e.

deflation

User Yang Zhao
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2 Answers

5 votes
im pretty sure its inflation
User Arseniyandru
by
8.1k points
6 votes
Back in the day, a dollar was actually equal to a dollar. Now it's about 45 cent (according to this question). This is indeed inflation. Inflation means an increase in price and a fall in purchasing value of money.
User Rakibtg
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