Assume an economy is in long-run equilibrium and the central bank engages in an expansionary monetary policy for a prolonged time period. If the velocity of money is constant, which of the following is true according to the quantity theory of money? Price level will increase at the same rate as the money supply.

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10-12-2022
Business

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Assume an economy is in long-run equilibrium and the central bank engages in an expansionary monetary policy for a prolonged time period. If the velocity of money is constant, which of the following is true according to the quantity theory of money? Price level will increase at the same rate as the money supply.

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anamta123ahmed anamta123ahmed · Answer 1 · 2022-12-18T19:15:27+01:00

Assume an economy is in long-run equilibrium and the central bank engages in an expansionary monetary policy for a prolonged time period. The following is true according to the quantity theory of money : Price level will increase at the same rate as the money supply.

An economy is a machine of inter-associated manufacturing and intake activities that ultimately decide the allocation of assets within a set. The production and consumption of goods and services as a whole fulfill the wishes of those residing and operating inside it.

An economy consists of purchasers who buy products and services, businesses who appoint customers and make items, and the authorities at various level who both buy products, appoint labour and levy taxes. Their collective interactions create a simplified financial system.

Economics play a position in all of the following predominant life reports: How the government plans rules. The state of the housing marketplace and real property investment opportunities. The capability to make smart financial choices.

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