According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,the __________ curve shifts to the __________.

Name: According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,the __________ curve shifts to the __________.
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Question

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According to the quantity theory of money, a decrease in the money supply leads to a decrease in aggregate demand. Therefore, the AD curve shifts to the left when the money supply decreases.

According to the Simple Quantity Theory of Money in the AD-AS