According to the quantity theory of money, an excess quantity of money supplied will lead to
A) a reduction in spending and higher interest rates.
B) a reduced level of real Gross Domestic Product (GDP).
C) a higher level of employment.
D) a higher price level.
D
Economics
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Which economic question depends on the incomes that people earn and the prices they pay for goods and services?
A) Why? B) How? C) For whom? D) What? E) Where?
Economics
Refer to the figure above. If the exchange rate is fixed above E yuan per dollar:
A) both the yuan and dollar are undervalued. B) the dollar is overvalued and the yuan is undervalued. C) both the yuan and dollar are overvalued. D) the dollar is undervalued and the yuan is overvalued.
Economics