The simple quantity theory of money predicts that if
A) the money supply rises by $200,then GDP falls by $200.
B) GDP rises by $400,then the money supply rises by $400.
C) the money supply rises by 10 percent,then the price level rises by 10 percent.
D) the money supply falls by $300,then GDP rises by $300.
Correct Answer:
Verified
Q23: The equation of exchange is
A) an identity.
B)
Q24: In order to turn the equation of
Q25: In symbols,the equation of exchange says
A) MP
Q26: The simple quantity theory of money assumes
Q27: Which of the following statements is true?
A)
Q29: One of the positions held by monetarists
Q30: The velocity of money is the _
Q31: The simple quantity theory of money predicts
Q32: In the equation of exchange,the average number
Q33: A change in the interest rate resulting
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