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It reduces the purchasing power of money.

For example, a movie ticket that cost 25 cents 50 years ago might cost $9 today. That quarter no longer has the same purchasing power that it had 50 years ago.

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โˆ™ 2015-11-17 23:18:40
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Q: How does inflation affect purchasing power?
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As the inflation increases, the purchasing power of the money with the people in an economy decreases.

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