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    Exam 8: Money, the Price Level, and Inflation
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    The Quantity Theory of Money Argues That, in the Long
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The Quantity Theory of Money Argues That, in the Long

Question 248

Question 248

Multiple Choice

The quantity theory of money argues that, in the long run, the percentage change in money will create an equal percentage change in


A) velocity.
B) real GDP.
C) potential GDP.
D) the price level.

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