If the Price Level Doubles, All Else Constant, the Quantity

question 109

Multiple Choice

If the price level doubles, all else constant, the quantity of

• A)nominal money demanded will half.
• B)real money demanded will double.
• C)real money demanded will half.
• D)nominal money demanded will double.
• E)nominal money demanded will remain constant.

---

Definitions:

Washing Machines

Appliances designed for cleaning laundry by combining water, detergent, and mechanical action.

Party In Breach

The individual or entity that fails to fulfill their contractual obligations, thus violating the agreement.

Sales Contract

An agreement between a buyer and seller outlining the terms and conditions of the sale of goods or services.

Risk Of Loss

The possibility that an asset or investment's value will decrease or will be irretrievably damaged or lost.