Economy, asked by steve7567, 7 months ago

what is the value of money during constant and steady price increase?

Answers

Answered by itzcutiepie4

Answer:

When the price level rises, the value of money falls. ... An increase in the price level is called inflation. When inflation occurs, money loses its value. This makes sense because an increase in the average price of everything means that each dollar does not buy as many things as it previously did.....

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Answered by ᏕɱartYᎶᴜʀɭ

Answer:

here's ur answer dude

Explanation:

When the price level rises money can buy less goods and services. So we say that its purchasing power has fallen. Conversely, when the price level falls, money can buy more and we can say its purchasing power has gone up. Thus, the value of money changes inversely with the price level.

hope it helps

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