When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services:

When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services: 




A. a dollar buys less today than it used to buy.

B. a dollar buys more today than it used to buy.

C. a dollar buys the same today as it used to buy.

D. our income has increased to match the cost of those goods.



Answer: A


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