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) i and iii.
B) i,ii and iii.
C) iii only.
D) ii and iii.
E) i and iii

Question

Quizplus · Accepted Answer

The value of money is often considered as the inverse of the price level (i), and it is also defined as the quantity of goods and services that a unit of money will buy (iii).

Which of the Following Applies to the "Value of Money