7687 Money, Growth, and Inflation (Mobile Enhanced) Graded Assignment | Read Chapter 12| Back to Assignment Due Thursday 07.19.18 at 0800 AM Attempts: 2 Average: 2/3 1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of goods containig cup of coffee, one donut and one newspaper year one, the basket costs $8.00 In year two, the price of the same basket is $9.00. From year one to year two, there is in year one $16.00 will buy This example illustrates that, as the price level rises, the value of money at an annual rate of baskets, and in year two, $16.00 will buy baskets Y baskets Copyright NoticesTerms of Use Privacy NoticeSecurity Notice Accessiblity