Other Things Being Equal,when the Price Level Rises,the Real Value

question 43

Multiple Choice

Other things being equal,when the price level rises,the real value of money holdings ________; when the domestic price level falls,the real value of money holdings ________.

• A)rises; falls
• B)falls; is not affected
• C)falls; rises
• D)is not affected; falls
• E)is not affected; rises