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

Question 72

Question 72

Multiple Choice

According to the quantity theory of money:


A) the growth rate in the money supply is constant.
B) velocity is constant.
C) the price level is constant.
D) the growth rate in nominal GDP is constant.

Correct Answer:

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