Multiple Choice
Jason has been holding his retirement savings in a safe in his house. Currently the economy is experiencing a falling price level. He can conclude that:
A) the real purchasing power of his money is remaining constant.
B) the real value of his savings is increasing as long as the price level is falling.
C) the real value of his savings is decreasing as long as the price level is falling.
D) none of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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