Browsing Department of Economics by Subject "Purchasing power."
Now showing items 1-1 of 1
The utility of the passing time and measurement of the purchasing power of currencies in the flexible-exchange-rate system. (2008-11-17)In economics, it is not the quantity that matters the most; it is the amount of utility. The purchasing power of a currency is not merely the volume of goods the money can obtain, but the amount of utility it can command. ...