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scigeekalic scigeekalic
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A year ago
Suppose that the money supply increases by 20 percent. If there is no inflation, what does the quantity theory of money tell us must happen to real GDP?

▸ It must increase by less than 20 percent.

▸ It must increase by exactly 20 percent.

▸ It must increase by more than 20 percent.

▸ None of the above are correct.
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Macroeconomics

Macroeconomics


Edition: 3rd
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shanelljac204shanelljac204
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A year ago
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scigeekalic Author
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Smart ... Thanks!
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