Multiple Choice
When the value of money rises, what happens to the number of dollars needed to buy a representative basket of goods?
A) It increases, and so the price level rises.
B) It increases, and so the price level falls.
C) It decreases, and so the price level rises.
D) It decreases, and so the price level falls.
Correct Answer:
Verified
Correct Answer:
Verified
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Q11: Figure 11-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 11-1