The quantity theory of money says that changes in nominal money lead to equivalent changes in the price level and: have an uncertain effect on output and employment. reduce output and employment. have no effect on output and employment. increase output and employment.
The quantity theory of money says that changes in nominal money lead to equivalent changes in the price level and: have an uncertain effect on output and employment. reduce output and employment. have no effect on output and employment. increase output and employment.
Chapter16: Monetary Policy
Section: Chapter Questions
Problem 8SQ
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The quantity theory of money says that changes in nominal money lead to equivalent changes in the
have an uncertain effect on output and employment. |
||
reduce output and employment. |
||
have no effect on output and employment. |
||
increase output and employment. |
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