When the price level falls, the number of dollars needed to buyr a representative basket of good? Select one: Q a. decreases, so the value of money falls. 0 b. increases, so the value of moneyr falls. 0 c. decreases, so the value of moneyr rises. Q d. increases, so the value of moneyr rises. Assume that initially PPP holds, the theory of PPP suggests that if one country's price level rises relative to another's, its currency is and should Select one: O a. undervalued; depreciate O b. overvalued; depreciate O c. undervalued; appreciate O d. overvalued; appreciate O e. remain unchangedMegan is a landscaper. Which of the following are included in her human capital? Select one: 0 a. her knowledge of landscaping learned in college and her landscaping equipment 0 b. her knowledge of landscaping learned in college, but not her landscaping equipment 0 c. neither her knowledge of landscaping learned in college nor her landscaping equipment 0 d. her landscaping equipment) but not her knowledge of landscaping learned in college The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009. Prices and Quantities Year Price of Quantity of Price of Quantity of Waffles Waffles Pancakes Pancakes 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 150 In 2008, this country's GDP deflator was Select one: O a. 56 O b. 100 O c. 172.5 O d. 148.1The economy grows (GDP increases) but the central bank moves to keep interest rates constant. Select one: 0 a. money demand decreases, money supply increases and interest rates remain unchanged 0 b. money demand decreases, money supply is unchanged and interest rates decrease O c. money demand increases, money supply decreases and interest rates remain unchanged 0 d. money demand increases, money supply is unchanged and interest rates increase 0 e. money demand increases, money supply is unchanged and interest rates is unchanged