According to the monetarists, the ratio of nominal GDP to the money st
According to the monetarists, the ratio of nominal GDP to the money stock should be
a. highly unstable in short run and in long run.
b. unstable only during recession.
c. unstable only in the long run.
d. quite stable in the short run and the long run.
e. unstable only if the LM curve shifts.
ANSWER
D
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