MCQOPTIONS
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| 1. |
The quantity theory of money implies that a given percentage change in the money supply will cause ? |
| A. | an equal percentage change in nominal DGP. |
| B. | an equal percentage change in real GDP |
| C. | a larger percentage change in nominal GDP |
| D. | a smaller percentage change in nominal |
| Answer» B. an equal percentage change in real GDP | |