Price level reflects the number of dollars needed to buy a basket of goods. As the price level rises, the VALUE OF MONEY also rises. The higher the price level, the more" money the typical transaction requires.
Price level reflects the number of dollars needed to buy a basket of goods. As the price level rises, the VALUE OF MONEY also rises. The higher the price level, the more" money the typical transaction requires.
Price level reflects the number of dollars needed to buy a basket of goods. As the price level rises, the VALUE OF MONEY also rises. The higher the price level, the more" money the typical transaction requires.