Multiple Choice
According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,the result is __________ in Real GDP and __________ in the price level.
A) no change; no change
B) a rise; no change
C) no change; a rise
D) a rise; a fall
E) no change; a fall
Correct Answer:
Verified
Correct Answer:
Verified
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