Multiple Choice
Which of the following is true,according to monetarists?
A) Changes in the money supply have no effect on real variables.
B) The velocity of money increases as real GDP increases.
C) The total demand for money equals the asset demand for money.
D) Individuals hold idle balances for rational reasons.
E) If the economy is at full employment,increasing the money supply will increase the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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