When Average Prices Rise, the

question 49

Multiple Choice

When average prices rise, the

• A) quantity demanded of money decreases.
• B) quantity demanded of money increases.
• C) purchasing power of money decreases.
• D) quantity of money supplied increases.
• E) quantity of money supplied decreases.

---

Definitions:

Projective Tests

Psychological tests used to infer a person’s motives, conflicts, and unconscious dynamics on the basis of the person’s interpretations of ambiguous stimuli.

Objective Tests

Examinations that require the test taker to select or provide a response from a set of predetermined options.

Personality Inventories

Standardized questionnaires used to assess personality traits and characteristics of individuals.

Ambiguous Pictures

Visual stimuli that can be interpreted in more than one way, often used in psychological tests to assess perception and personality.