If the quantity theory of money is correct and other things remain the same, an increase in

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If the quantity theory of money is correct and other things remain the same, an increase in the quantity of money increases _______.

A. Nominal GDP and the velocity of circulation

B. The price level and potential GDP

C. Real GDP

D. Nominal GDP and the price level

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 07:40 AM

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If the quantity theory of money is correct and other things remain the same, an increase in

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Answer D An increase in the quantity ...View the full answer

Foundations of Macroeconomics

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