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    Principles of Macroeconomics Study Set 8
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    Exam 17: Money Growth and Inflation: The Classical Theory of Inflation
  5. Question
    According to the Classical Dichotomy,when the Money Supply Doubles Which
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According to the Classical Dichotomy,when the Money Supply Doubles Which

Question 195

Question 195

Multiple Choice

According to the classical dichotomy,when the money supply doubles which of the following doubles?


A) the price level and nominal GDP
B) the price level and real GDP
C) only real GDP
D) only the price level

Correct Answer:

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