If the Value of a Dollar Falls,then the Quantity of Money

question 151

Multiple Choice

If the value of a dollar falls,then the quantity of money demanded

• A)rises,meaning people want to hold more of their wealth in a liquid form.
• B)rises,meaning people desire to work more so their income rises.
• C)falls,meaning people want to hold less of their wealth in a liquid form.
• D)falls,meaning people want to work less so their income falls.

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Definitions:

Organized

Characterized by systematic planning and coordinated effort, often referring to groups, activities, or structures.

Recreation

Activities done for enjoyment, leisure, or pleasure when one is not working.

Necessities

Basic needs or essential items required for living and maintaining a decent quality of life, such as food, water, shelter, and clothing.

Norms

Rules or guidelines regarding what kinds of behavior are acceptable and appropriate within a particular culture; these typically emanate from the group’s values.