The purchasing power of the $20 bill increases over time due to inflation. True or False

False

Explanation:

This is practically impossible. Inflation is a term used to describe the increase in the general prices of goods and services over a period of time. This means inflation causes a reduction in the amount of goods and services that could be bought given the same amount of money.

What inflation does is that it reduces the purchase power of a particular amount of money simply because there is a general increase in the amount of goods and services.