Answered: A decrease over time in average prices…

A decrease over time in average prices is called inflation. It can also be viewed as an increase in the purchasing power of money over time. a. FALSE b. TRUE

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 4.10P

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A decrease over time in average prices is called inflation. It can also be viewed as an increase in the purchasing power of money over time.
a. FALSE
b. TRUE
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