According to the quantity theory of money,a change in the money supply will induce an inverse and less-than-proportionate change in the price level.

Name: According to the quantity theory of money,a change in the money supply will induce an inverse and less-than-proportionate change in the price level.
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The quantity theory of money suggests that a change in the money supply will cause a proportional change in the price level, assuming velocity and output are constant.

According to the Quantity Theory of Money,a Change in the Money