Multiple Choice
If some of a person's wealth is in cash,it follows that
A) this person's monetary wealth will change as the price level changes.
B) this person's monetary wealth will not change as the price level changes.
C) this person is wealthier than a person who holds all his wealth in nonmonetary form.
D) a and c
E) b and c
Correct Answer:
Verified
Correct Answer:
Verified
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