4. If the money supply fell by 10 percent, a monetarist would expect nominal GDP to __________....

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4. If the money supply fell by 10 percent, a monetarist would expect nominal GDP to __________. LO39.1

a. Rise.

b. Fall.

c. Stay the same.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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