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As the Price Level Rises,the Value of Money

Question 177

Multiple Choice

As the price level rises,the value of money


A) increases,so people must hold less money to purchase goods and services.
B) increases,so people must hold more money to purchase goods and services.
C) decreases,so people must hold more money to purchase goods and services.
D) decreases,so people must hold less money to purchase goods and services.

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