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QUESTION 52 According to the assumptions of the quantity theory of money, if the money supply increases by 7 percent, then O a. nominal GDP
QUESTION 52 According to the assumptions of the quantity theory of money, if the money supply increases by 7 percent, then O a. nominal GDP would be unchanged; real GDP would rise by 7 percent. b. nominal and real GDP would rise by 0.70 percent. O c. nominal GDP would rise by 7 percent; real GDP would be unchanged. O d. neither nominal GDP nor real GDP would change
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