a sharp increase in the growth of the money supply is likely followed by a a recessi 637085
1 ________ theory relates changes in the quantity of money to changes in aggregate economic activity and the price level.
2 A sharp increase in the growth of the money supply is likely followed by
A) a recession.
B) a depression.
C) an increase in the inflation rate.
D) no change in the economy.
3 It is true that inflation is a
A) continuous increase in the money supply.
B) continuous fall in prices.
C) decline in interest rates.
D) continually rising price level.