An increase in the price level is the same as a decrease in the value of money.

Name: An increase in the price level is the same as a decrease in the value of money.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

When the price level increases, it means that it takes more money to purchase the same amount of goods and services. This means that the value of money has decreased. Therefore, an increase in the price level is the same as a decrease in the value of money.

An Increase in the Price Level Is the Same as a Decrease