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Purchasing power is the value of a currency expressed in terms of the number of goods or services that one unit of money can buy.
Added 5/29/2023 8:43:26 AM
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3
A price index is a normalized average of price relatives for a given class of goods or services in a given region, during a given interval of time.
Added 5/29/2023 8:43:42 AM
This answer has been confirmed as correct and helpful.