According to the simple quantity theory of money, if the money supply falls by 20 percent,
A) the price level will fall by 20 percent.
B) Real GDP will rise by less than 20 percent.
C) GDP will fall by 20 percent.
D) velocity will rise.
E) a and c
E
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Before the flu season begins, Jeremy gets a flu shot. As a result, Jeremy and several of his friends and relatives avoid the flu for the entire flu season. It would make sense to argue that
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