According to the quantity theory of money, a 3 percent increase in the money supply
a. leaves the price level unchanged.
b. causes the price level to fall by 3 percent.
c. causes the price level to rise by 3 percent.
d. causes the price level to rise by less than 3 percent.
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Home » Business » According to the quantity theory of money, a 3 percent increase in the money supply a. leaves the price level unchanged. b. causes the price level to fall by 3 percent. c. causes the price level to rise by 3 percent. d.