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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?

To determine

The increase in aggregate demand.

Explanation

According to the simple quantity theory of money, the increase in the money supply alone will lead to an increase in the aggregate demand. This is due to the reason that the quantity theory of money assumes that the velocity and output to be constant...

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