People will spend more if the price level
a. rises because rising prices increase the real value of the fixed quantity of money.
b. rises because rising prices decrease the real value of a dollar.
c. falls because falling prices increase the real value of a dollar.
d. falls because falling prices decrease the real value of a dollar.
C
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The unemployment rate is an example of a Federal Reserve
A) tool. B) operating target. C) intermediate target. D) ultimate objective.
During the last four decades, the share of health-care expenditures paid for by third parties (either the government or insurance companies)
a. has remained relatively constant. b. fell from approximately 60 percent in 1960 to 30 percent in 2007. c. increased from approximately 45 percent in 1960 to over 85 percent in 2007. d. declined during the 15 years following the passage of Medicare but has been increasing since 1980.