Business

April Bryant

11 May, 10:02

According to the quantity theory of money, if the money supply increases by 7 percent, then in the long run:

a. the price level goes down by 7 percent.

b. the price level goes up by less than 7 percent.

c. the price level goes up by 7 percent.

d. the price level goes up by more than 7 percent.

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