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#59066 Bangla Language & Literature General Level 0

In a closed economy, if the income velocity of circulation of money remains constant,what will be the result of an increase in the money supply?

  1. A a proportionate increase in the level of money income
  2. B a proportionate increase in the level of output
  3. C a proportionate increase in the rate of growth of money income
  4. D a proportionate increase in the rate of growth of output
Answer: A - a proportionate increase in the level of money income

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