Suppose an Economy Produces Only Ice Cream Cones

question 217

Multiple Choice

Suppose an economy produces only ice cream cones.If the price level rises,the value of currency

• A)rises,because one unit of currency buys more ice cream cones.
• B)rises,because one unit of currency buys fewer ice cream cones.
• C)falls,because one unit of currency buys more ice cream cones.
• D)falls,because one unit of currency buys fewer ice cream cones.

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