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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
    If Y and M Are Constant and V Doubles,the Quantity
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If Y and M Are Constant and V Doubles,the Quantity

Question 17

Question 17

Multiple Choice

If Y and M are constant and V doubles,the quantity equation implies that the price level


A) falls to half its original level.
B) doubles.
C) more than doubles.
D) does not change.

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