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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 11
If the money supply fell by 10 percent, a monetarist would expect nominal GDP to _____________.
A) Rise.
B) Fall.
C) Stay the same.
A) Rise.
B) Fall.
C) Stay the same.
Explanation
Verified
Verified
Hence, the correct answer is b. Fall.
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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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