Multiple Choice
Imagine two economies that are identical except that for a long time,economy A has had a money supply of $500 billion while economy B has had a money supply of $1,000 billion.It follows that
A) real GDP and the price level are higher in country B.
B) real GDP, but not the price level, is higher in country B.
C) the price level, but not real GDP is higher in country B.
D) neither the price level nor real GDP is higher in country B.
Correct Answer:

Verified
Correct Answer:
Verified
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