According to the quantity theory of money, the main determinant of nominal GDP is:

Name: According to the quantity theory of money, the main determinant of nominal GDP is:
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Question

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The quantity theory of money states that changes in the money supply have a proportional impact on the price level and nominal GDP in the long run. Therefore, the main determinant of nominal GDP is the money supply, as it directly influences the amount of spending in an economy.

According to the Quantity Theory of Money, the Main Determinant