If the Price Level Doubles

question 4

Multiple Choice

If the price level doubles,

• A)the quantity demanded of money falls by half.
• B)the value of money is cut by half.
• C)nominal income is unaffected.
• D)None of these answers.
• E)the money supply has halved.

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Definitions:

Susan Folkman

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The body's system responsible for the transport of blood, nutrients, gases, and wastes, including the heart, blood vessels, and blood.