Using the Quantity Theory of Money, in the Long Run

question 94

Multiple Choice

Using the quantity theory of money, in the long run a 3 percent increase in the quantity of money leads to a 3 percent

• A) increase in the price level.
• B) increase in the real interest rate.
• C) decrease in the price level.
• D) decrease in the real interest rate.
• E) increase in real GDP.

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