The Simple Quantity Theory of Money Predicts That Changes in

question 100

Multiple Choice

The simple quantity theory of money predicts that changes in

• A) the money supply lead to strictly proportional changes in the price level.
• B) the money supply do not affect the price level.
• C) the price level lead to strictly proportional changes in velocity and GDP.
• D) velocity lead to nearly proportional changes in the money supply.

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