Other things the same,an increase in the price level makes the dollars people hold worth
A)more,so they can buy more.
B)more,so they can buy less.
C)less,so they can buy more.
D)less,so they can buy less.

Question

Quizplus · Accepted Answer

An increase in the price level means that goods and services are more expensive, so each dollar can purchase fewer goods and services. Therefore, the dollars people hold are worth less and they can buy less.

Other Things the Same,an Increase in the Price Level Makes