Other things the same,as the price level rises,
A)the dollar depreciates.
B)the interest rate falls.
C)people feel less wealthy.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

As the price level rises, people feel less wealthy because their purchasing power decreases. The value of the dollar and interest rates may be affected by other factors such as inflation expectations and monetary policy.

Other Things the Same,as the Price Level Rises