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    Exam 14: Inflation: a Monetary Phenomenon
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    According to the Quantity Theory of Money, the Main Determinant
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According to the Quantity Theory of Money, the Main Determinant

Question 54

Question 54

Multiple Choice

According to the quantity theory of money, the main determinant of nominal GDP is:


A) the money supply.
B) the growth rate of the capital stock.
C) the interest rate.
D) the level of consumption.

Correct Answer:

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