When Using the Quantity Theory of Money to Analyze the Relation

question 11

Multiple Choice

When using the quantity theory of money to analyze the relation between inflation, money, real output, and prices, we typically assume:

• A) real output and the money supply are constant.
• B) real output and the velocity of money are constant.
• C) the velocity of money is equal to the inflation rate.
• D) the growth rate of the money supply is constant.

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