According to the Quantity Theory of Money, Deflation Will Occur

question 33

Multiple Choice

According to the quantity theory of money, deflation will occur if the

• A)money supply is less than real GDP.
• B)money supply is more than real GDP.
• C)money supply grows at a slower rate than real GDP.
• D)money supply grows at a faster rate than real GDP.
• E)the velocity of money grows at a faster rate than money supply.

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