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Author Question: Inflation tends to ________ during the expansion phase of the business cycle and ________ during the ... (Read 90 times)

Capo

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on: Jun 29, 2018
Inflation tends to ________ during the expansion phase of the business cycle and ________ during the recession phase of the business cycle.
 
  A) decrease; decrease further B) increase; increase further
  C) increase; decrease D) decrease; increase

Question 2

What is the quantity theory of money?
 
  What will be an ideal response?


C.mcnichol98

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The quantity theory of money is the proposition that in the long run an increase in the quantity of money creates an equal percentage increase in the price level.


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