The quantity theory of money of the Classical economists says that a change in the money supply will produce a:
a. proportional change in the price level.
b. greater than proportional change in the price level.
c. less than proportional change in the price level.
d. wide variation in the velocity of money.
a
Economics
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a. excess burden; substitution b. excess burden; income c. excess benefits; substitution d. excess benefits; income
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