According to the quantity theory of money, an increase in money supply causes an increase in:

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According to the quantity theory of money, an increase in the money supply leads to an increase in prices. This is because the increase in money supply results in more money chasing the same amount of goods and services, which leads to an increase in demand and, consequently, prices. The other choices (production, velocity of money, and real GDP) may also be affected by changes in the money supply, but they are not the direct result of the quantity theory of money.

According to the Quantity Theory of Money, an Increase in Money