It is as if he had in his possession metal dollars equal in amount to the face of the debt, and they had changed by so much in purchasing power.
Because money is the general expression of purchasing power, and comes to symbolize all other wealth, it often assumes undue and exaggerated importance in men's eyes.
When money rises in purchasing power, receivers of fixed incomes are gainers.
The gold dollar is now fixed in weight and therefore variable in purchasing power.
This fact will indicate that the purchasing power of the dollar has gone up.
From the business man's point of view, therefore, there seems to have been room for a doubling of money wages and rent when the purchasing power of money had fallen one-half.
This is why the inadequate character of the conceptions of value as "ratio of exchange" or "purchasing power" has not prevented these notions from being serviceable tools in the hands of many writers.
I find myself in radical dissent on all the main theses of Professor Fisher's Purchasing Power of Money, and at very many points of detail.
The gross domestic product (GDP) of most of the developing countries is now presented on a purchasing power parity (PPP) basis rather than on an exchange rate basis.
The borrower, in getting control of purchasing power, aims to put a new machine where it will be useful, to remove obstacles, and to make economic agents more effective.
A medium of exchange is simply one kind of wealth which is taken, not for itself, but to pass along, in the belief that it will enable the taker to gratify his wants and distribute his purchasing power in a more effective way.
The under-consumption theorist, seeing the same facts, says that the trouble is lack of purchasing power.
The only objection to them was that they were not equivalent to coin in purchasing power.
That made it hard to pay debts which had been contracted on low scales of purchasing power.
Our people had been so accustomed to the use of paper money that they received and paid United States notes in preference to coin, and this more readily since these notes were equal in purchasing power to coin.
In the first place, in the statement of most of the cases which are adduced to support the theory reference is made exclusively to money wages, no account being taken of differences of purchasing power in different countries.
In fact, if any large number of workers earn less than this amount, we will find it impossible to maintain the levels of purchasing power needed to sustain the stable prosperity which we desire.
The best protection of purchasing power is a policy of full production and full employment opportunities.
We must extend the coverage of our minimum wage laws to more than 2 million workers now lacking this basic protection of purchasing power.
But it is not clear that he has entirely freed himself from the conception of relativity, for he continues to speak of value as "purchasing power" (pp.
Total utility has dimensions, and so has final utility, but ratio of exchange, which he considers the precise scientific equivalent for the popular term, purchasing power, has no dimension at all.
The paper pound in June, 1921, was, I think, about the equivalent of twelve pre-war shillings in purchasing power.
Its increase in purchasing power (like that of the gold dollar) during the first half of 1921 is, of course, due to the fact that the supply of utilities had overtaken the demand.
Of course a decline in purchasing power follows an expansion of circulation.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "purchasing power" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
