According to the quantity theory of money and prices

Reference no: EM13686001

According to the quantity theory of money and prices, 4 percent change in the money supply, holding other variables constant, leads to:

1) a greater than 4% in real GDP

2) a 4% change in the interest rate

3) a 4% change in real GDP

4) a 4% change in the price level

Reference no: EM13686001

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