Economics (M.Phil./Ph.D.) 2014 Panjab University Entrance Exam With Answers

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28.

That the long run correlation between changes in money supply and changes in price level is positive and high has been empirically established by :

A: J.M. Keynes
B: M. Friedman
C: J. Tobin
D: W.J. Baumol

The answer is: B

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