The Value of Money Rises as the Price Level

question 3

Multiple Choice

The value of money rises as the price level

• A)rises,because the number of dollars needed to buy a representative basket of goods rises.
• B)rises,because the number of dollars needed to buy a representative basket of goods falls.
• C)falls,because the number of dollars needed to buy a representative basket of goods rises.
• D)falls,because the number of dollars needed to buy a representative basket of goods falls.

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