GCE Economics 2023 Objective — Question 35
Question 35 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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The price level and the value of money are A. inversely related B. directly related C. not related D. positively related
- A. inversely relatedCorrect
- B. directly related
- C. not related
- D. positively related
Explanation
The value of money is the purchasing power of money; the higher the price level, the lower the value of money, so they are inversely related.
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