andrewchavez842 andrewchavez842

15-11-2022
Business

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Which of the following BEST describes the effect inflation has on purchasing power in the United States over the past several decades?

a. $100 today has the same purchasing power as $80 in 1972.
b. $100 today has the same purchasing power as $15 in 1972.
c. $15 today has the same purchasing power as $100 in 1972.

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