Question

____ is the value of currency expressed in terms of the amount of goods and services that one unit of money can buy

Answer 1

Answer:

money

Explanation:

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Answer 2

Purchasing power is the value of currency expressed in terms of the amount of goods and services that one unit of money can buy.

Explanation:

In Economics,purchasing power expresses the value of any money currency with respect to the amount or quantity of goods and services that one unit of that money currency can purchase or buy.Purchasing power is an important indicator of the actual or real value of money in terms of its purchasing power or capacity.It implies the fluctuations in the value of money currency due to any inflationary or deflationary impacts in the economy.For example,an increase in money supply by the central bank or inflation(increase in overall price level of goods and services in the economy) causes the purchasing power or the capacity of money currency to fall or decline as due to inflation,1 unit of money currency would be able to buy less amount or quantity of goods and services than before and vise versa.