Solved

According to the Simple Quantity Theory of Money,if the Money

Question 106

Multiple Choice

According to the simple quantity theory of money,if the money supply falls by 20 percent,


A) the price level will fall by 20 percent.
B) Real GDP will rise by less than 20 percent.
C) GDP will fall by 20 percent.
D) velocity will rise.
E) a and c

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions