Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn

تمرين 3

Suppose the price level and value of the U.S. dollar in year 1 arE₁ and $1, respectively. If the price level rises to 1.25 in year 2, what is the new value of the dollar? If, instead, the price level falls to.50, what is the value of the dollar?