Question: Please review the resources I've provided below and write a paragraph explaining the following: In your own words, explain the meaning of purchasing power, inflation,

Please review the resources I've provided below and write a paragraph explaining the following: In your own words, explain the meaning of purchasing power, inflation, and deflation. Explain the effects of purchasing power and inflation. What is the current inflation rate? Do you think this will affect purchasing power greatly or not? How has inflation/deflation effected your personal life? Investopedia - Purchasing Power Investopedia - How Inflation Effects Your Cost of Living *

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