If You Have $1,000 in Wealth and the Price Level

question 358

Multiple Choice

If you have $1,000 in wealth and the price level increases 20 percent, then

• A) the $1,000 dollars will buy 20 percent more goods and services.
• B) the real value of the $1,000 increases.
• C) the $1,000 will buy fewer goods and services.
• D) you will be able to buy fewer goods, but the real value of those goods will increase.

---

Definitions:

Black-power Movement

A political and social movement of the 1960s and 1970s that emphasized racial pride, economic empowerment, and the creation of political and cultural institutions for African Americans.

Oxygen Consumption

A measure of how much oxygen the body uses during a specific period, often indicative of metabolic rate and exercise intensity.

Alpha And Theta Waves

Brainwave patterns, with alpha waves associated with relaxed, awake states and theta waves more common in light sleep and deep meditation.

Meditative State

A mental state achieved through practices of meditation, characterized by deep relaxation and a tranquil mind, often pursued for health, spiritual, or relaxation purposes.