Question

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.

Answer 1

When the price level falls, the number of dollars needed to buy a representative basket of goods

decreases, so the value of money falls

Step-by-step 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.