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According to the quantity theory of money, an increase in the growth rate of the money supply in excess of the growth rate of the
According to the quantity theory of money, an increase in the growth rate of the money supply in excess of the growth rate of the production in the real economy causes an increase in______, over the long run.
A. the growth rate of aggregate production.
B. the growth rate of real GDP.
C. the growth rate of aggregate prices.
D. the growth rate of velocity of money.
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