Select the correct answer. Which statement describes the effect of inflation on purchasing power? A. As the rate of inflation remains constant, purchasing power increases. B. As the rate of inflation remains constant, purchasing power stays the same. C. As the rate of inflation increases, purchasing power increases. D. As the rate of inflation increases, purchasing power decreases.

D

Step-by-step explanation:

more money for everyone = higher price of goods

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

d. all of the above

step-by-step explanation: