Answer:
The correct answer is: d. is the reciprocal of the price level.
Explanation:
In economics, the term "purchasing power" refers to the amount of goods and services that a currency can buy. It is directly related to the price level as follows: when price decreases, people are able to purchase more goods and thus we say that purchasing power increased; on the other hand, when prices increase, people are able to buy fewer goods with the same amount of money, and thus we say that purchasing power decreased.
