When the Price Level Rises, the Number of Dollars Needed

question 135

Multiple Choice

When the price level rises, the number of dollars needed to buy a representative basket of goods

• A)increases, so the value of money rises.
• B)decreases, so the value of money rises.
• C)increases, and so the value of money falls.
• D)decreases, so the value of money falls.

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Definitions:

Disjunctive Premise

In logic, a premise that presents two or more options or possibilities, typically in an "either/or" format, one of which must be true.

Hypothetical Proposition

A statement that presents a conditional scenario, often structured in an "if-then" format, used to explore logical outcomes.

Hypothetical Proposition

A statement that presents a supposition or conditional situation and its possible outcomes.

Consequent

The outcome or result in a conditional statement that logically follows from the antecedent, given the antecedent is true.