| [ A ] directly with the, interest rate |
|
| [ B ] directly with the price level | |
| [ C ] directly with the volume of employment | |
| [ D ] inversely with the price level |  |
| [ A ] directly with the, interest rate |
|
| [ B ] directly with the price level | |
| [ C ] directly with the volume of employment | |
| [ D ] inversely with the price level | |
| Answer : Option D |
| Explanation : |
| The variation in the value of money is always accompanied by opposite variation in the price of commodities and services. In brief, the value of money varies inversely with the price level. It is reciprocal of price level. $V_m$ =1/p (where V m denotes value of money and p stands for price level) |
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