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Business, 29.06.2021 22:00 luiscer5819

According to the assumptions of the quantity theory of money, if the money supply increases 5 percent, then a. the price level would be unchanged and real GDP would rise by 5 percent. b. the price level would rise by 5 percent and real GDP would be unchanged. c. both the price level and real GDP would rise by 5 percent. d. both the price level and real GDP would be unchanged.

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According to the assumptions of the quantity theory of money, if the money supply increases 5 percen...

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