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Choose the Letter of the Diagram in Figure 16

Question 107

Multiple Choice

Choose the letter of the diagram in Figure 16.1 that monetarists would use to illustrate the effect of an increase in the quantity of money on the economy. A) a. B) b. C) c. D) D.Monetarists believe an increase in the supply of money will lead only to a higher price level since the velocity of money is constant. Choose the letter of the diagram in Figure 16.1 that monetarists would use to illustrate the effect of an increase in the quantity of money on the economy.


A) a.
B) b.
C) c.
D) D.Monetarists believe an increase in the supply of money will lead only to a higher price level since the velocity of money is constant.

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