When the Price Level Rises,the Number of Dollars Needed to Buy

question 135

Multiple Choice

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

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

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Definitions:

Needs Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchical order, with physical needs at the base and self-actualization needs at the top.

Social Animal

An organism that highly engages in social behaviors and interactions, relying on group cooperation for survival and well-being.

Aristotle

An ancient Greek philosopher and scientist, who made significant contributions to a wide range of fields, including logic, ethics, biology, and politics.

Charles Darwin

A British naturalist known for his contributions to the understanding of evolution through natural selection.