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A decline in purchasing power is evidenced by all of the following except : a. inflation. b. current value is equal to historical cost. c.

A decline in purchasing power is evidenced by all of the following except:

a. inflation.
b. current value is equal to historical cost.
c. a continuing rise in the general level of prices in an economy.
d. buying the same amount of goods or services for a higher price a year later.

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