According to the Quantity Theory of Money, an Increase in the Quantity

question 71

Multiple Choice

According to the quantity theory of money, an increase in the quantity of money will increase the price level

• A)but have no effect on real GDP or the velocity of circulation.
• B)and increase real GDP and the velocity of circulation.
• C)and increase real GDP but decrease the velocity of circulation.
• D)and decrease real GDP and increase the velocity of circulation.
• E)but have no effect on real GDP and will decrease the velocity of circulation.

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