Business

5 June, 17:38

Assume monetary equilibrium exists; that is, the desired and actual supply of money are equal. Also assume that nominal GDP equals $960 billion and the money supply is $160 billion. From a strict monetarist view, an increase in the money supply by $12 billion will increase nominal GDP by:

A. $24 billion

B. $72 billion

C. $80 billion

D. $13 billion

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