Inflation reduces people's purchasing power because
O there is not enough money in the economy
O the market basket has to be changed every year
O the same amount of money buys more goods and services
O the same amount of money buys fewer goods and services
D the same amount of money buys fewer goods and services.
Explanation:
Nixon should have America on the gold standard because every printed dollar was backed by silver or gold. However he needed to print more money to finance the Vietnam War.
