Multiple Choice
When the Consumer Price Index increases from 100 to 115
A) more money is needed to buy the same amount of goods, so the value of money falls.
B) more money is needed to buy the same amount of goods, so the value of money rises.
C) less money is needed to buy the same amount of goods, so the value of money falls.
D) less money is needed to buy the same amount of goods, so the value of money rises.
Correct Answer:
Verified
Correct Answer:
Verified
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