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vellojo vellojo
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Posts: 2982
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7 years ago
According to real business cycle (RBC) theory, a change in the quantity of money leads to
A) a change in the price level and in real GDP.
B) a change in the real wage rate and the money wage rate.
C) a change in the price level but no change in real GDP.
D) a change in investment and real GDP.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
Read 118 times
3 Replies
Studying economics @ Edinburgh U

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wrote...
7 years ago
C
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vellojo Author
wrote...
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
wrote...
7 years ago
Happy to help Slight Smile
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