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

question 83

Multiple Choice

According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,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) no change; a fall

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Definitions:

Alternative Therapies

Therapeutic practices and treatments that are used instead of, or alongside, conventional medical treatments.

New Social Movement

A term used to describe the waves of collective action and activism that emerged since the 1960s, focusing on issues like environmentalism, feminism, and human rights.

Terminal Illnesses

Diseases or conditions that are incurable and irreversible and that are expected to lead to the death of the patient within a short period of time.

Percentage

A mathematical concept representing a fraction of 100, used to indicate proportions or shares in relation to the whole.