Business, 20.09.2019 00:50, elijahjacksonrp6z2o7

According to the quantity theory of money, if the money supply increases by 7 percent, then in the long run:
a. the price level goes down by 7 percent.
b. the price level goes up by less than 7 percent.
c. the price level goes up by 7 percent.
d. the price level goes up by more than 7 percent.

Answers: 1

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According to the quantity theory of money, if the money supply increases by 7 percent, then in the l...