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In What Way Are the Value of Money and the Price

Question 1

Multiple Choice

In what way are the value of money and the price level related?


A) They are inversely related.
B) They vary directly during recessions,but inversely during inflation.
C) They vary directly and proportionately.
D) They vary directly,but not proportionately.
E) They are not related in any way.

Correct Answer:

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