If P Equals the Price Level Expressed as an Index $\$ V$

question 115

Multiple Choice

If P equals the price level expressed as an index number and $\$ V$ equals the value of the dollar, then

• A) \(P = \$ V - 1\)
• B) \(\$ V = 1 / P\)
• C) \(1 = \$ V / P\)
• D) \(\$ V = P - 1 .\)

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