Would the biased account be a primary or secondary source?
If the money supply increases and nominal GDP remains the same, then A. price level increases.
<h3>What is Money Supply?</h3>
This refers to the total amount of money that is in circulation in a country that usually increases spending.
Hence, an open market sale by the federal reserve will increase the interest rates because it would increase investment spending because an OMO sale decreases interest rates which make getting loans easier.
M= Money supply
V= Velocity
P- Price level
Y= nominal GDP
Hence, with the increase in the money supply, then there would be an increase in the price supply.
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Answer:
An absolute monarchy is one in which the king is God's representative on Earth, giving him absolute power that's free from all restraints. He created a centralized state that gave him complete power over the French government. King Louis XIV was an absolute monarch because he answered only to God.
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