The Quantity Theory of Money Implies That the Growth Rate

question 49

Multiple Choice

The quantity theory of money implies that the growth rate of ________.

• A) money demand is equal to the growth rate of money supply
• B) money supply is equal to the growth rate of nominal GDP
• C) money supply is equal to the growth rate of real GDP
• D) currency in circulation is equal to the growth rate of the price level

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Definitions:

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A set of principles and beliefs that are commonly accepted and practiced by a group of people.

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