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A major shortcoming of the quantity theory of money is that it cannot explain __________. Group of answer choices long-run fluctuations in the price level

A major shortcoming of the quantity theory of money is that it cannot explain __________.

Group of answer choices

long-run fluctuations in the price level

short-run fluctuations in the money supply on real output and employment

long-run fluctuations in the money supply on real output and employment

a constant price level in the economy

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