If a Dollar a Year from Now Will Likely Have

question 33

Multiple Choice

If a dollar a year from now will likely have less purchasing power because of inflation, then a dollar today ________ a dollar a year from now.

• A)is more valuable than
• B)is less valuable than
• C)has the same value as
• D)may be more valuable or less valuable than

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Definitions:

Onion Rings

A type of fast food consisting of rings of onion dipped in batter and deep-fried.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences.

Oreos

A popular brand of sandwich cookies consisting of two chocolate wafers with a sweet creme filling in between.

Apples

Edible fruits with a rounded shape and sweet taste, grown on trees in temperate climates worldwide.