According to the Quantity Theory of Money, in the Long

question 335

Multiple Choice

According to the quantity theory of money, in the long run

• A) the quantity of money in a society will always be just the right amount.
• B) an increase in the quantity of money creates an increase in prices but no additional increase in real GDP.
• C) an increase in the quantity of money creates an increase in real GDP.
• D) None of the above answers are correct.

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