Question: The basic monetary rule put forth by the Monetarists concludes that a 9 % increase in the money supply when real GDP increases by 3

The basic monetary rule put forth by the Monetarists concludes that a 9% increase in the money supply when real GDP increases by 3%:
causes the price level to increase by 6% but has no impact on nominal GDP.
leads to a 9% rate of inflation.
increases the level of natural real GDP by 3%.
results in an increase in the price level of approximately 6%.
The basic monetary rule put forth by the

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