Business, 29.10.2020 17:00, kittybatch345

According to the assumptions of the quantity theory of money, if the money supply increases by 5 percent, then a. nominal and real GDP would rise by 5 percent. b. neither nominal GDP nor real GDP would change. c. nominal GDP would rise by 5 percent; real GDP would be unchanged. d. nominal GDP would be unchanged; real GDP would rise by 5 percent.

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According to the assumptions of the quantity theory of money, if the money supply increases by 5 per...