According to the more sophisticated quantity theory of money,if the money supply is increased

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According to the more sophisticated quantity theory of money, if the money supply is increased, both nominal and real GDP will rise if the economy is at less than full employment. This is because the increase in the money supply will lead to an increase in spending and aggregate demand, which will stimulate production and employment. However, if the economy is already at full employment, any increase in spending will only lead to inflation and a rise in prices, without any increase in real output.

According to the More Sophisticated Quantity Theory of Money,if the Money