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According to the quantity theory of money, an increase in long-run real GDP inflation, and the Phillips curve demonstrates that inflation with rising real GDP.
According to the quantity theory of money, an increase in long-run real GDP inflation, and the Phillips curve demonstrates that inflation with rising real GDP. This is because the quantity theory is a theory of price behavior. Select one: Q a. reduces; increases; longrun O b. raises; decreases; shortrun O c. has zero influence on; decreases; moneyneutral Q d. raises; increases; shortrun 0 e. reduces; does not move; Keynesian
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