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Please help with the following. Double check these for me. Not sure about the multiple choice part. Suppose the price level and value of the

Please help with the following. Double check these for me. Not sure about the multiple choice part.

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Suppose the price level and value of the dollar in yearl are 1 and $1. respectively. Instructions: Round your answers to two decimal places. a. If the price level rises to 1.45 in year 2, what is the new value of the dollar? $- b. If instead the price level had fallen to 0.45, what would have been the value ofthe dollar? $- c. What generalization can you draw from your answers? 0 The amount a dollar will buy varies inversely with the price level. 0 The amount a dollar will buy varies directly with the price level. @ The price level has no effect on the amount a dollar will buy

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