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-In the Above Figure, Suppose That the Economy Has Moved

Question 11

Multiple Choice

-In the above figure, suppose that 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 money wage rate B) an increase in the growth rate of the quantity of money C) a decrease in the growth rate of the quantity of money D) an increase in uncertainty
-In the above figure, suppose that 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 money wage rate
B) an increase in the growth rate of the quantity of money
C) a decrease in the growth rate of the quantity of money
D) an increase in uncertainty

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