Economics · Quantity Theory of Money
The classical quantity theory of money implies that, given a constant velocity of money, a given percentage change in the money supply would cause:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A smaller percentage change in nominal GDP
- 2An equal percentage change in real GDP
- 3A larger percentage change in nominal GDP
- 4An equal percentage change in nominal GDP✓
Correct answer
An equal percentage change in nominal GDP
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