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

question 150

Multiple Choice

According to the quantity theory of money,a change in the money supply affects:

• A) real GDP in the short run but not in the long run.
• B) real GDP in the long run but not in the short run.
• C) nominal GDP in the short run but not in the long run.
• D) nominal GDP in the long run but not in the short run.