According to the Quantity Theory of Money, in the Long

question 15

Multiple Choice

According to the quantity theory of money, in the long run, changes in the money supply affect ____ GDP but not _____ GDP.

• A) nominal; per capita
• B) per capita; nominal
• C) real; nominal
• D) nominal; real

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Definitions:

Corporate Officer

An individual appointed by the board of directors of a corporation who is granted certain powers and responsibilities in managing the company.

Day-To-Day Operations

The routine activities necessary for the ongoing management and functionality of a business or organization.

General Partners

Individuals in a partnership who have unlimited liability and are responsible for the management of the partnership.

Partnership Management

The practice of organizing and coordinating the operations and strategies of a business partnership.