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According to the quantity theory of money, a 10-percent increase in the money stock would lead to a 10-percent rise in the the money wage and the...
According to the quantity theory of money, a 10-percent increase in the money stock would lead to a 10-percent rise in the
the money wage and the price level.
level of real GDP.
level of NGDP.
the money wage and price level, but the price level rises by more.
Both a and c.