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The quantity theory of money assumed (a) the fraction of income people desire to hold in form of money is a constant (b) a rise in money supply

The quantity theory of money assumed

(a) the fraction of income people desire to hold in form of money is a constant
(b) a rise in money supply causes a proportionate fall in velocity
(c) a fall in the velocity of money causes a proportionate increase in the money supply
(d) that an increase in prices causes a proportionate increase in real GDP

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Economics-8220889.doc

8220889
The quantity theory of money assumed
(a) the fraction of income people desire to hold in form of money is a constant
(b) a rise in money supply causes a proportionate fall in velocity
(c) a...

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