According to the views of the Classical economists, if the money supply doubles, A. money prices will be halved B. real income will double. C. level of investment will double. D.There will be no effect on relative prices.

According to the views of the Classical economists, if the money supply doubles, A. money prices will be halved B. real income will double. C. level of investment will double. D.There will be no effect on relative prices.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macroeconomics And The Self Regulating Economy

Section: Chapter Questions

Problem 2QP

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Question

According to the views of the Classical economists, if the money supply doubles,

A. money prices will be halved

B. real income will double.

C. level of investment will double.

D.There will be no effect on relative prices.

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