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The quantity theory of money states that a reduction in the quantity of money in...

Economics
WAEC 2001
The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
  • A. a geometrical fall in prices
  • B. a proportionate fall in prices
  • C. a rise in prices
  • D. an unequal fall in prices
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Correct Answer: Option B
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