The Quantity Theory of Money state that an increase in the quantity of money would...

Economics

WAEC 1994

The Quantity Theory of Money state that an increase in the quantity of money would bring about

A. a geometrical rise in price
B. an unequal rise in prices
C. a proportionate rise in prices
D. an absolute rise in prices
E. a less that proportionate increase in prices

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Correct Answer: Option C

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The Quantity Theory of Money state that an increase in the quantity of money would...

Correct Answer: Option C

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