How does purchasing power changes with the increase in price leve… - Vidyadip

MCQ

How does purchasing power changes with the increase in price level?
(a) Remains unchanged
(b) Increases
(c) Decreases
(d) None of these

A
a, b and c
B
b, c and d
✓
only c
D
only b

✓

Answer

Correct option: C.

only c

only c

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