Jason Has Been Holding His Retirement Savings in a Safe

question 148

Multiple Choice

Jason has been holding his retirement savings in a safe in his house.Currently,the economy is experiencing a falling price level.What can he conclude?

• A)The real value of his savings is increasing as long as the price level is falling.
• B)The real purchasing power of his money is remaining constant.
• C)His money is safer than would be in a bank.
• D)The real value of his savings is decreasing as long as the price level is falling.