Economy, asked by premanandmanik23333, 6 months ago

What happens to purchasing power during inflation?

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Answered by Anonymous

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$<body bgcolor=cyan><marquee direction="up"scrollamount=5>Inflation reduces the value of a currency's purchasing power, having the effect of an increase in prices. Purchasing power affects every aspect of economics, from consumers buying goods to investors and stock prices to a country's economic prosperity.<body bgcolor=cyan><marquee direction="up"scrollamount=500>$

Answered by llBestFriendsll

Inflation reduces the value of a currency's purchasing power, having the effect of an increase in prices. ... Purchasing power affects every aspect of economics, from consumers buying goods to investors and stock prices to a country's economic prosperity.

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What happens to purchasing power during inflation?