125k views
1 vote
Question 33

What happens when inflation occurs?
The purchasing power of the dollar increases.
The purchasing power of the dollar declines.
The value of a good declines with wear and tear.
The business cycle quickly reaches a peak or boom.

User SnowCrabs
by
6.4k points

1 Answer

2 votes
2. The purchasing power of the dollar declines

User Lukas Gentele
by
6.7k points