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When Calculating by How Much Changes in the Money Supply

question 70

True/False

When calculating by how much changes in the money supply will change nominal GDP,we use the money multiplier instead of the spending multiplier.


Definitions:

Whales

Large marine mammals belonging to the order Cetacea, known for their intelligence, aquatic adaptation, and often large size.

Major Premise

In a categorical syllogism, the premise in which the major term appears.

Syllogism

A form of deductive reasoning that consists of two premises followed by a conclusion, based on the relationship between the premises.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nourish their young.

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