Asked by Praise Jesus
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The reason there is an inverse relationship between the purchasing power of the dollar and the price level is because as the price level rises, dollars are needed to buy a particular amount of goods, services, or resources.
Fill in the blank question.
The reason there is an inverse relationship between the purchasing power of the dollar and the price level is because as the price level rises, dollars are needed to buy a particular amount of goods, services, or resources.
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Answered by
GPT-4o mini
The reason there is an inverse relationship between the purchasing power of the dollar and the price level is because as the price level rises, **more** dollars are needed to buy a particular amount of goods, services, or resources.
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