The rate of percentage terms that the value of the country's currency will change is -99.429 percent.
What is the country's currency about?
A national currency is the medium of exchange for buying goods and services and is considered legal tender issued by the central bank or other monetary authority of a nation. The Federal Reserve regulates the value of the dollar, which is the main form of money in the US.
Note that from the question:
When the price level is 0.6, the value of money:
= 1/0.6 = $1.667.
When the price level is 1.75, the value of money = 1/1.75 = $0.571.
Therefore, The percentage change is ((0.571 − 1.667)/1.667 × 100
= -99.429 percent.
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