The simple quantity theory of money predicts that if
a. gdp rises by $400, then the money sup...
Business, 27.07.2019 04:20 billgray2571
The simple quantity theory of money predicts that if
a. gdp rises by $400, then the money supply rises by $400.
b. the money supply falls by $300, then gdp rises by $300.
c. the money supply rises by $200, then gdp falls by $200.
d. the money supply rises by 10 percent, then the price level rises by 10 percent.
Answers: 3
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