According to the quantity theory of prices and money a five, Ask an Expert

Economics

According to the quantity theory of prices and money, a five percent change in the money supply, holding other variable constant, leads to

1. A 5% change in real GDP

2. A 5% change in the price level

3. A greater than 5%in real GDP

4. A 5% change in the interest rate

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225726

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