which economists believe that changes in the money supply lead only to price changes?
ANS: D PTS: 1 DIF: D TOP: Quantity theory of money TYP: RE 158. Classical economists believe that an increase in the money supply will lead to: a. only c and d. b. all of the following. c. an increase in the price level. d. an increase in nominal GDP. e. an increase in real GDP. ANS: A PTS: 1 DIF: D TOP: Quantity theory of money TYP: CA 159.