When the Price Level Falls, What Happens to the Number

question 48

Multiple Choice

When the price level falls, what happens to the number of dollars needed to buy a representative basket of goods?

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

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Definitions:

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