Multiple Choice
If the money supply, the velocity of money, and the price level are fixed, then increases in real GDP:
A) are impossible because real GDP must also be fixed.
B) cause the money supply, the velocity of money, and the price level to increase together.
C) cause the money supply, the velocity of money, and the price level to decrease together.
D) occur without changes in the other variables.
Correct Answer:
Verified
Correct Answer:
Verified
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