When the Consumer Price Index decreases from 105 to 100 a. more money is needed to buy the same amount of goods, so the value of money rises. b. less money is needed to buy the same amount of goods, so the value of money falls. c. more money is needed to buy the same amount of goods, so the value of money falls. d. less money is needed to buy the same amount of goods, so the value of money rises.
When the Consumer Price Index decreases from 105 to 100 a. more money is needed to buy the same amount of goods, so the value of money rises. b. less money is needed to buy the same amount of goods, so the value of money falls. c. more money is needed to buy the same amount of goods, so the value of money falls. d. less money is needed to buy the same amount of goods, so the value of money rises.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
When the Consumer Price Index decreases from 105 to 100
a. more money is needed to buy the same amount of goods, so the value of money rises.
b. less money is needed to buy the same amount of goods, so the value of money falls.
c. more money is needed to buy the same amount of goods, so the value of money falls.
d. less money is needed to buy the same amount of goods, so the value of money rises.
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