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The simple quantity theory of money predicts that if Question 3 options: a.the money supply rises by $200, then GDP falls by $200 b.GDP rises
The simple quantity theory of money predicts that if
Question 3 options:
a.the money supply rises by $200, then GDP falls by $200
b.GDP rises by $400, then the money supply rises by $400.
c.the money supply rises by 10%, then the price level rises by 10%.
d.the money supply falls by $300, then GDP rises by $300
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