3 Questions
What is the definition of inflation?
A sustained increase in the general price level in an economy
What is the effect of inflation on money?
It decreases the purchasing power of money
When did the biggest decline in the purchasing power of the dollar occur?
In the 1970s
Test your knowledge on inflation by answering questions about its definition, effects on money, and historical declines in purchasing power. Learn more about the impact of inflation on economies and currencies.
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