Suppose each good costs $5 per unit and Megan holds $40 . What is the real value of the money she holds?
a. $40 . If the price of goods rises, to maintain the real value of her money holdings she needs to hold more dollars.
b. 8 units of goods. If the price of goods rises, to maintain the real value of her money holdings she needs to hold more dollars.
c. $40 . If the price of goods rises, to maintain the real value of her money holdings she needs to hold fewer dollars.
d. 8 units of goods. If the price of goods rises, to maintain the real value of her money holdings she needs to hold fewer dollars.
b
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