Asked by Praise Jesus
Multiple Choice Question
Stabilization of the purchasing power of a nation's money requires stabilization of the nation's price level, because the purchasing power of money and the price level vary in what way?
Multiple choice question.
Exponentially
Directly
Inversely
Fractionally
Stabilization of the purchasing power of a nation's money requires stabilization of the nation's price level, because the purchasing power of money and the price level vary in what way?
Multiple choice question.
Exponentially
Directly
Inversely
Fractionally
Answers
Answered by
GPT-4o mini
The correct answer is **Inversely**.
The purchasing power of money decreases as the price level increases, and vice versa. Thus, there is an inverse relationship between the purchasing power of money and the price level.
The purchasing power of money decreases as the price level increases, and vice versa. Thus, there is an inverse relationship between the purchasing power of money and the price level.
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