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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 11
Author: cgs612
Last Modified: 4 months ago

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Personal Finance Question

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Grade 11 Personal Finance

A dollar today buys a lot less than a dollar did in 1950; this decline in the purchasing power of the dollar is due to which of the following?
  1. Deflation
  2. Inflation
  3. Standard of living
  4. Compensation
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