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According to the Quantity Theory of Money,if the Growth Rate

Question 59

Multiple Choice

According to the quantity theory of money,if the growth rate of money supply is 6 percent and the growth rate of real GDP is 9 percent,then the growth rate of nominal GDP in the economy will be ________.


A) 3 percent
B) 6 percent
C) 9 percent
D) 15 percent

Correct Answer:

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