The Simple Quantity Theory of Money Assumes That

question 145

Multiple Choice

The simple quantity theory of money assumes that

• A) velocity and Real GDP are constant.
• B) only velocity is constant.
• C) only the money supply is constant.
• D) only the price level is constant.

---

Definitions:

α-Halogenate

Refers to the introduction of a halogen atom (e.g., chlorine, bromine) into the alpha position of an organic molecule relative to a functional group.

Ketones

Organic compounds containing a carbonyl group (C=O) flanked by two carbon atoms, featured in various chemical reactions.

Aldehydes

Organic compounds characterized by the functional group -CHO, consisting of a carbonyl center bonded to hydrogen and an R group, used in various chemical syntheses.

Resonance Structures

Representations of a molecule or ion where the chemical connectivity is the same but the electrons are distributed differently around the structure.