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13 November, 08:14

When the price level falls, the number of dollars needed to buy a representative basket of goods a decreases, so the value of money falls. b decreases, so the value of money rises. c increases, so the value of money rises. d increases, so the value of money falls.

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  1. 13 November, 08:30
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    When the price level falls, the number of dollars needed to buy a representative basket of goods

    decreases, so the value of money falls

    Explanation:

    This best explains the law of demand and supply, the higher the price the lower the quantity demanded while the lower the price the higher the quantity demanded.
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