5. A graph of percentage increases in the money supply and average annual increases in the price...
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5. A graph of percentage increases in the money supply and average annual increases in the price level for various countries provides evidence that
a. changes in the two variables are exactly equal.
b. the money supply and aggregate price level are unrelated.
c. money neutrality holds only in wealthy countries.
d. monetary policy is ineffective.
e. money is neutral in the long run.
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