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    Principles of Macroeconomics
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    Exam 11: Money Growth and Inflation
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    According to the Classical Dichotomy Theory, When the Money Supply
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According to the Classical Dichotomy Theory, When the Money Supply

Question 137

Question 137

Multiple Choice

According to the classical dichotomy theory, when the money supply doubles, what also doubles?


A) the price level
B) the real interest rate
C) the inflation rate
D) the real income

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