Question

1. there is a(n) ______ relationship between price level and the value of a dollar.

inverse
direct
meaningless
positive

Explanation:

When the price level rises, each dollar can buy fewer goods and services, so the value of a dollar decreases. When the price level falls, each dollar can buy more goods and services, so the value of a dollar increases. This shows an inverse relationship. A direct or positive relationship would mean they move in the same direction, which is not the case. A meaningless relationship is incorrect as there is a clear economic relationship here.

Answer:

inverse