If the Price Level Rises, the Quantity of

question 363

Multiple Choice

If the price level rises, the quantity of

• A) real money people demand decreases.
• B) real money people demand increases.
• C) nominal money people demand increases.
• D) nominal money people demand decreases.

---

Definitions:

Negligence Per Se

A doctrine where an act is considered negligent because it violates a statute or regulation, negating the need to prove duty of care or breach thereof.

Restatement Second Torts

A set of model legal doctrines in the field of tort law, intended to clarify, modernize, and otherwise improve tort law, published by the American Law Institute.

Possessor of Land

Refers to an individual or entity that occupies land or property, regardless of whether they have legal ownership of it.

Invitees

Individuals who are invited to enter or remain on premises for commercial benefit to the inviter or for a purpose directly related to the business.