If the Number of Dollars Needed to Buy a Representative

question 107

Multiple Choice

If the number of dollars needed to buy a representative basket of goods falls,the price level

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

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Definitions:

Intrinsic

Referring to the inherent or essential qualities of something, not dependent on external factors.

Extrinsic Freedom

Refers to freedom limited or determined by external factors or circumstances.

Determinists

The belief that all events, including moral choices, are determined completely by previously existing causes, in relation to the philosophical idea that every event or state of affairs, including every human decision and action, is the necessary result of antecedent states of affairs.

Free Choices

The ability or power to make decisions without constraints, enabling one to act on one's own volition.