The simple quantity theory of money predicts that if
a. GDP rises by $400, then the money supply rises by $400.
b. the money supply falls by $300, then GDP rises by $300.
c. the money supply rises by $200, then GDP falls by $200.
d. the money supply rises by 10 percent, then the price level rises by 10 percent.
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Home » Business » The simple quantity theory of money predicts that if a. GDP rises by $400, then the money supply rises by $400. b. the money supply falls by $300, then GDP rises by $300. c. the money supply rises by $200, then GDP falls by $200. d.