what happens when there is an increase in prices for goods and services combined in with the reduction in the valure of money

When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. (hope this helps you with your question)

Delaware, pennsylvania, new jersey, georgia, connecticut, massachusetts bay, maryland, south carolina, new hampshire, virginia, new york, north carolina, and rhode island and providence plantations where the 13 original colonies

Ibelieve the answer is (a) true.