In countries with extremely high inflation, increases in the money supply: A) are quickly translated into changes in the inflation rate. B) do not affect the price level. C) will decrease real GDP. D) will increase real GDP.
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In countries with extremely high inflation, increases in the money supply: |
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|
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A) |
are quickly translated into changes in the inflation rate. |
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|
B) |
do not affect the price level. |
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C) |
will decrease real GDP. |
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D) |
will increase real GDP. |
Expert Answer
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