Math, asked by lalremruatapachuau, 5 months ago

if the price level double

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Answered by LEGEND778

Answer:

If P is the price level (the value of goods and services measured in money) then 1/P is the value of money measured in terms of goods and services. If prices double, the value of money has fallen to ½ its prior value. The value of money is determined by the supply and demand for money.

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