It is the increase in the prices for goods and services from one year to another, thus decreasing the purchasing power of money.  A. appreciation B. depreciation C. inflation D. interest

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 34P: The total price of purchasing a basket of goods in the United Kingdom over four years is: year...
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It is the increase in the prices for goods and services from one year to another, thus decreasing the purchasing power of money.

 A. appreciation

B. depreciation

C. inflation

D. interest

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