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

Question 35

Question 35

Multiple Choice

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


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

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