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your grandmother tells you a dollar doesn’t go as far as it used to. She says the “purchasing power” of a dollar is much less than it used to be. Explain what she means. Try to use and explain terms like
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your grandmother tells you a dollar doesn’t go as far as it used to. She says the “purchasing power” of a dollar is much less than it used to be. Explain what she means. Try to use and explain terms like inflation and deflation in your answer.

User Tyrel
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The purchasing power is less than it used to bee. Back then, $1 was worth $50 dollars today. Money was very scarce. 
User Jakevdp
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