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-In the Above Figure, Suppose the Economy Has Moved from Point

Question 291

Multiple Choice

-In the above figure, suppose the economy has moved from point A to point C. According to the monetarist theory of the business cycle, what could have caused this movement? A) an increase in the growth rate of the quantity of money B) a decrease in the growth rate of the quantity of money C) an increase in the money wage rate D) an increase in uncertainty
-In the above figure, suppose the economy has moved from point A to point C. According to the monetarist theory of the business cycle, what could have caused this movement?


A) an increase in the growth rate of the quantity of money
B) a decrease in the growth rate of the quantity of money
C) an increase in the money wage rate
D) an increase in uncertainty

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