Assume Monetary Equilibrium Exists; That Is, the Desired and Actual

question 59

Multiple Choice

Assume monetary equilibrium exists; that is, the desired and actual supply of money are equal.Also assume that nominal GDP equals $960 billion and the money supply is $160 billion.From a strict monetarist view, an increase in the money supply by $12 billion will increase nominal GDP by

• A)$13 billion.
• B)$24 billion.
• C)$72 billion.
• D)$80 billion.

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