Multiple Choice
The quantity theory of money asserts that an increase in the quantity of money
A) by n percent will lead to an increase in the price level by n + 1 percent.
B) will lead to an equal percentage increase in real GDP.
C) will lead to an equal percentage increase in the price level.
D) will decrease the price level by an offsetting amount.
Correct Answer:
Verified
Correct Answer:
Verified
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