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Suppose expected inflation increases. In the quantity theory of money, the current price level ____. In the liquidity preference theory of money, the current price
Suppose expected inflation increases. In the quantity theory of money, the current price level ____. In the liquidity preference theory of money, the current price level ____.
a
remains the same; remains the same
b
remains the same; rises
c
falls; remains the same
d
rises; falls
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