According to the Quantity Theory of Money,if Velocity Is Constant

question 8

Multiple Choice

According to the quantity theory of money,if velocity is constant and real output grows at an average rate of 4 percent per year,a 4 percent average rate of growth in the money supply would result in

• A)a constant price level.
• B)a slowly increasing price level.
• C)a rapidly increasing price level.
• D)constant real GDP.
• E)constant nominal GDP.

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