Multiple Choice
Other things constant,the crude quantity theory of money suggests that any increase in the money supply
A) causes a reduction in the demand for money.
B) results in a decrease in the aggregate price level.
C) causes the aggregate level of nominal income to fall.
D) results in a proportional increase in the price level.
Correct Answer:
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Q73: Figure 14-1 Q74: According to both the equation of exchange Q75: If M = $100,Q = 500 and Q77: If V = 5,P = $3,and Q
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