If We Let P Equal the Price Level Expressed as an Index

question 40

Multiple Choice

If we let P equal the price level expressed as an index number and D equal the value of the dollar, then we can say that:

• A)P = D - 1.
• B)D = 1/P.
• C)1 = D/P.
• D)D = P - 1.

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Definitions:

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