Multiple Choice
According to the simple quantity theory of money, a change in the money supply of 9.6 percent would lead to a
A) 9.6 percent change in velocity.
B) 9.6 percent change in real GDP.
C) 9.6 percent change in nominal GDP.
D) 9.6 percent change in aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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