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Which of the following statements best describes the relationship between the real value or purchasing power of the monetary unit and the price level? The
Which of the following statements best describes the relationship between the real value or purchasing power of the monetary unit and the price level? The purchasing power of money:
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and the price level varies inversely.
and the price level vary directly during recessions, but inversely during inflations.
and the price level is a mixed bag.
and the price level vary directly, but not proportionately.
and the price level vary directly and proportionately.
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