_______ is a measure of the decrease in the value of money, generally expressed as the percentage reduction in value since the previous year.
a. Cost of living
b. Discretionary income
c. Inflation
d. Disposable income
Answer: c. Inflation.
_______ is a measure of the decrease in the value of money, generally expressed as the percentage reduction in value since the previous year.
a. Cost of living
b. Discretionary income
c. Inflation
d. Disposable income
Answer: c. Inflation.