If the price level doubles,the value of money
A) doubles.
B) more than doubles,due to scale economies.
C) rises but does not double,due to diminishing returns.
D) falls by 50 percent.
Correct Answer:
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Q44: The payments system is
A)the method of conducting
Q45: Explain how cigarettes could be called "money"
Q46: Of the following assets,the least liquid is
A)stocks.
B)traveler's
Q47: During hyperinflations
A)the value of money rises rapidly.
B)money
Q48: A disadvantage of _made from precious metals
Q50: As the payments system evolves from barter
Q51: A fall in the level of prices
A)does
Q52: Paper currency that has been declared legal
Q53: A hyperinflation is
A)a period of extreme inflation
Q54: The evolution of the payments system from
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