Preference

Question: What will be consequence of a rise in the supply of money, if the money value of national income and the general level of prices both stay constant?

  1. a.
    a fall in unemployment
  2. b.
    a fall in the income velocity of circulation of money
  3. c.
    a rise in the rate of interest
  4. d.
    a rise in the volume of output
  5. e.
    None of these
Answer: b
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