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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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