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13 Dec 2019
When the price level increases the purchasing power of money:
Increases by a similar amount.
Stays the same since the purchasing power of money is not impacted by price levels.
Decreases.
None of the above.
When the price level increases the purchasing power of money:
Increases by a similar amount. | ||
Stays the same since the purchasing power of money is not impacted by price levels. | ||
Decreases. | ||
None of the above. |
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