Multiple Choice
Assuming money neutrality in the classical model,a 10% increase in the nominal money supply would cause
A) a 10% increase in the real money supply.
B) a 10% decrease in the real money supply.
C) no change in the real money supply.
D) a less-than-10% change in the price level due to a shift in the aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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