Question : The relationship between the value of money and the price level in an economy is
Option 1: Direct
Option 2: Inverse
Option 3: Proportional
Option 4: Stable
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Correct Answer: Inverse
Solution : The Correct Answer is Inverse
Price level is the average of the prices of all the goods and services in an economy, and value of money is what one unit of money can buy. As a result, the value of money and the level of prices in an economy are inversely related. The price level changes proportionally in response to changes in the money supply and vice versa.
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