According to the Simple Quantity Theory of Money in the AD-AS

question 83

Multiple Choice

According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,the result is __________ in Real GDP and __________ in the price level.

• A) no change; no change
• B) a rise; no change
• C) no change; a rise
• D) a rise; a fall
• E) no change; a fall

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Definitions:

Development

Development encompasses the process of change and growth in physical, emotional, intellectual, and social abilities and traits across the human lifespan.

Repeatedly Assessed

Subjected to evaluation or examination multiple times to ensure consistency, accuracy, or improvement over a period.

Survey Research

A research method involving the collection of data from a predetermined group of respondents to gather information and insights on various subjects.

Large Group

a gathering of people, typically more than 20, brought together for a common purpose or activity.