Inflation decreases the value of a dollar over time because it reduces the amount of goods or services that a dollar can purchase as prices rise.

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• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

Sources

• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (3)

• purchasing power concept
• U.S. dollar concept
• inflation concept