Answered
Suppose a burger costs $6. Molly holds $60. What is the real value of the money she holds?
A) $16.If the price of burgers rises, to maintain the real value of her money holdings she needs to hold more dollars.
B) $50.If the price of burgers rises, to maintain the real value of her money holdings she needs to hold fewer dollars.
C) 10 burgers.If the price of burgers rises, to maintain the real value of her money holdings she needs to hold more dollars.
D) 50 burgers.If the price of burgers rises, to maintain the real value of her money holdings she needs to hold fewer dollars.
On May 28, 2024