The Quantity Theory of Money Asserts That Inflation Is the Result

question 81

Multiple Choice

The quantity theory of money asserts that inflation is the result of growth in

• A) the natural rate of unemployment.
• B) money wage rates.
• C) the quantity of money.
• D) potential GDP.

---

Definitions:

Federal Resettlement Program

A New Deal agency created in 1935 to relocate struggling urban and rural families to communities planned by the federal government.

Southern Slaveowners

Individuals in the Southern United States who owned slaves for labor, particularly in agricultural settings, before the Civil War and the abolition of slavery.

Immigration

The movement of people into a country or region to which they are not native, in order to settle there, often in search of a better life, work, or to escape conflict.

United States

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions, known for its diverse geography, culture, and history.