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Question
According to the quantity theory of money, increases in the money supply lead to
A) decreases in nominal Gross Domestic Product (GDP).
B) increases in the price level.
C) decreases in the price level.
D) increases in taxes.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
Which of the following statements is FALSE?
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.