Author Question: Which of the following applies to the value of money? i. It is the inverse of the price level. ... (Read 49 times)

naturalchemist · **on:** Jun 29, 2018

Which of the following applies to the value of money?

i. It is the inverse of the price level.
ii. The value of money falls during economic expansions.
iii. It is the quantity of goods and services that a unit of money will buy.
A) iii only B) i and ii C) i, ii and iii D) ii and iii E) i and iii

Question 2

The value of money

A) increases during economic expansions.
B) is the quantity of goods and services that a unit of money can buy.
C) is determined by Fed regulations.
D) is directly related to the price level.
E) increases during inflationary periods.