SandralizRoman SandralizRoman

27-02-2017
Mathematics

Answered

The statement "Today, the dollar is worth about 45 cents," describes

a.

inflation

b.

prices

c.

supply and demand

d.

taxation

e.

deflation

Verified Answer :

cayd3nbielema cayd3nbielema

27-02-2017

im pretty sure its inflation

Answer Link

Noah11012 Noah11012

27-02-2017

Back in the day, a dollar was actually equal to a dollar. Now it's about 45 cent (according to this question). This is indeed inflation. Inflation means an increase in price and a fall in purchasing value of money.

Answer Link

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