As the price level increases:
A) people will want to hold less money
B) the quantity of money demanded will decrease
C) people will need more money for transactions
D) none of the above

Name: As the price level increases: A) people will want to hold less money B) the quantity of money demanded will decrease C) people will need more money for transactions D) none of the above
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Question

Quizplus · Accepted Answer

As the price level increases, people will need more money for transactions because goods and services become more expensive.

As the Price Level Increases