Your grandmother tells you a dollar doesn’t go as far as it used to. She says the “purchasing power” of a dollar is much less than it used to be. Explain what she means. Try to use and explain terms like inflation and deflation in your answer.
things cost more then they used to. inflation has raised the price of things. you could buy a candybar for a quarter now it has inflated fo $1.00. The dollar has deflated in value. jt is not worth as much.
