Other things equal, a dramatic decrease in the money supply would: A. increase the purchasing power of each dollar B. reduce the purchasing power of each dollar C. have an ambig…

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asked Jul 18, 2021 105k views

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Styphon · Answer 1 · 2021-07-25T04:29:25+0000

Answer:

A. increase the purchasing power of each dollar

Step-by-step explanation:

A decrease in money supply increases the interest rate, price level falls and the value of the dollar increases. This increases the purchasing power of the dollar

Other things equal, a dramatic decrease in the money supply would: A. increase the purchasing power of each dollar B. reduce the purchasing power of each dollar C. have an ambig…

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