Jason Has Been Holding His Retirement Savings in a Safe

question 3

Multiple Choice

Jason has been holding his retirement savings in a safe in his house. Currently, the economy is experiencing a falling price level. He can conclude that:

• A)the real purchasing power of his money is constant.
• B)the real value of his savings would increase as long as the price level falls.
• C)the real value of his savings would decrease as long as the price level is falls.
• D)he would have been worse off if he had deposited his savings at a bank.
• E)he would have been better off if he had used a major percentage of his savings for consumption earlier.

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Definitions:

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