When there is inflation, a person can definitely expect

many banks to close.

the purchasing power of money to decrease.

a high number of companies to go out of business.

a high rate of unemployment.

Question

Alanna Thornton

Business

24 February, 16:52

When there is inflation, a person can definitely expect

many banks to close.

the purchasing power of money to decrease.

a high number of companies to go out of business.

a high rate of unemployment.

+4

Answers (1)

Know the Answer?

Sage Hurst · Answer 1

the purchasing power of money to decrease.

Explanation:

Inflation, in economic terms, refers to the rise in the price of the goods and services for a certain period of time. The value of money is decreased.

With the commencement of Inflation, the purchasing power of the money falls. With the rise in the price, the monetary value of the money decreases which leads to purchase fewer goods and services.

When there is inflation, a person can definitely expectmany banks to close.the purchasing power of money to decrease.a high number of companies to go out of business.a high rate of unemployment.

When there is inflation, a person can definitely expect

many banks to close.

the purchasing power of money to decrease.

a high number of companies to go out of business.

a high rate of unemployment.