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

question 108

Multiple Choice

According to the simple quantity theory of money in the AD-AS framework,when the money supply increases,the result is __________ in Real GDP and __________ in the price level.

• A) no change; no change
• B) a rise; no change
• C) no change; a rise
• D) a rise; a fall
• E) a fall; a rise

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Definitions:

Chromosomes

Structures composed of DNA and proteins found in the nucleus of most living cells, carrying genetic information in the form of genes.

Prometaphase

Phase of cell division that occurs between prophase and metaphase and is characterized by attachment of the spindle fibers to the kinetochores of each sister chromatid.

Metaphase

A stage of mitosis in cell division where chromosomes line up in the middle of the cell before being separated into two new cells.

Prophase

First phase of mitosis; characterized by the condensation of the chromatin; chromosomes are visible, but scattered in the nucleus.