All else equal, which of the following happens as the price level falls?
A)the money supply falls
B)interest rate rise
C)dollars become more valuable
D)dollars become less valuable

Name: All else equal, which of the following happens as the price level falls? A)the money supply falls B)interest rate rise C)dollars become more valuable D)dollars become less valuable
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Question

Quizplus · Accepted Answer

As the price level falls, the purchasing power of each dollar increases, making dollars more valuable.

All Else Equal, Which of the Following Happens as the Price