Macroeconomics MCQ Macroeconomics Chapter 8 When we say the cost of living has gone down, we mean that, looking broadly over a range of goods and services:

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

Macroeconomics Chapter 8

When we say the cost of living has gone down, 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: B

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If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Macroeconomics MCQ

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

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

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