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An erosion in the purchasing power of money results from the rise in the amount of goods and services that can be purchased for a
An erosion in the purchasing power of money results from the rise in the amount of goods and services that can be purchased for a specific amount of money. when a decline in gross domestic product occurs for two or more consecutive quarters. when consumer confidence about the overall state of the economy and their own personal finances decline. when prices of products rise significantly faster than consumer incomes. B from the rise in the rate of unemployment due to a slowing economy
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