The Quantity Theory Implies That If Output and Velocity Are

question 24

True/False

The quantity theory implies that if output and velocity are constant, then a 50 percent increase in the money supply would lead to less than a 50 percent increase in the price level.

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Durable Good

A type of goods that are not consumed all at once but rather used or consumed over a long period, such as appliances, furniture, and automobiles.

Obsolete

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Ultimate Consumers

The end-users who purchase products or services for personal use rather than for resale or manufacturing.

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