The quantity theory of money of the Classical economists says that a change in the money supply will produce a:

When the price level increases, people demand ________ money and the demand for money curve ________

A) less; shifts rightward B) more; shifts leftward C) less; shifts leftward D) the same amount of; does not shift E) more; shifts rightward

While the Economic Freedom Index demonstrates a strong ________ correlation between economic freedom and per capita GDP, the economic way of thinking provides the ________

A) negative; explanation B) positive; explanation C) negative; data D) positive; data