An Increase in the Price Level Causes an Increase in Money

question 139

Multiple Choice

An increase in the price level causes an increase in money demand because

• A) people need less money to purchase the same level of goods and services.
• B) people have unlimited wants.
• C) people need more money to purchase the same level of goods and services.
• D) changes in the price level have no effect on money demand.

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Definitions:

North American Women

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Never Given Birth

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