According to the Assumptions of the Quantity Theory of Money,if

question 91

Multiple Choice

According to the assumptions of the quantity theory of money,if the money supply increases by 5 percent,then

• A)nominal and real GDP would rise by 5 percent.
• B)nominal GDP would rise by 5 percent;real GDP would be unchanged.
• C)nominal GDP would be unchanged;real GDP would rise by 5 percent.
• D)neither nominal GDP nor real GDP would change.

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Definitions:

Automatic Backscratcher

A device designed to automatically scratch one's back without the need for manual effort; intended for convenience.

Marketing

The process of exploring, creating, and delivering value to meet the needs of a target market with profit.

Sustainable Development

Progress that satisfies current requirements without limiting future generations' capability to fulfill their necessities.

Oligopoly

is a market structure characterized by a small number of firms that have significant control over market prices and competition.