Refer to the article “The Value of Money” in your Money, Money, Money magazine for a complete version of this text.
Which excerpts from “The Value of Money” show a cause-and-effect relationship?
Select Yes or No for each excerpt.
Yes No
“Inflation is an increase in the prices of goods and services.”
Yes – “Inflation is an increase in the prices of goods and services.”
No – “Inflation is an increase in the prices of goods and services.”
“As inflation rises, your purchasing power decreases.”
Yes – “As inflation rises, your purchasing power decreases.”
No – “As inflation rises, your purchasing power decreases.”
“In the language of economics, the things we pay for are called goods and services.”
Yes – “In the language of economics, the things we pay for are called goods and services.”
No – “In the language of economics, the things we pay for are called goods and services.”
“More spending creates more demand for a product.”
Yes – “More spending creates more demand for a product.”
No – “More spending creates more demand for a product.”
