A general rise in the price level means the purchasing power of money has

1. Money's value is what a unit of it can buy. 2. If all prices rise, one rupee buys less of every commodity. 3. The purchasing power of money has therefore **deteriorated**. 4. This is why a stable price level matters for money to work as a store of value. _Source: syllabus Introductory Macroeconomics, Ch 3 "Money and Banking", section 3.1 FUNCTIONS OF MONEY_