Multiple Choice
Jason has been holding his retirement savings in a safe in his house.Currently,the economy is experiencing a falling price level.What can he conclude?
A) The real value of his savings is increasing as long as the price level is falling.
B) The real purchasing power of his money is remaining constant.
C) His money is safer than would be in a bank.
D) The real value of his savings is decreasing as long as the price level is falling.
Correct Answer:
Verified
Correct Answer:
Verified
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