If the Bank of Canada reduces the money supply by 5 percent and the quantity theory of money is true, then output will fall 5 percent in the short run, and:

Name: If the Bank of Canada reduces the money supply by 5 percent and the quantity theory of money is true, then output will fall 5 percent in the short run, and:
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The Answer of If the Bank of Canada reduces the money supply by 5 percent and the quantity theory of money is true, then output will fall 5 percent in the short run, and:

If the Bank of Canada Reduces the Money Supply by 5