Author Question: An increase in the purchasing power of money need not lead to an increase in the purchasing power of ... (Read 46 times)

azncindy619 · **on:** Jun 29, 2018

An increase in the purchasing power of money need not lead to an increase in the purchasing power of income because the falling price level would likely mean falling wages and salaries.

Indicate whether the statement is true or false

Question 2

If currency speculators decide that the value of the dollar should rise in the future relative to the yen, this will increase the demand for dollars and decrease the supply of dollars.

Indicate whether the statement is true or false