According to the Quantity Theory of Money,if the Growth Rate

question 115

Multiple Choice

According to the quantity theory of money,if the growth rate of money supply is 6 percent and the growth rate of real GDP is 9 percent,then the growth rate of nominal GDP in the economy will be ________.

• A) 3 percent
• B) 6 percent
• C) 9 percent
• D) 15 percent

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