Which of the Following Statements Is False

question 125

Multiple Choice

Which of the following statements is false?

• A) The exchange equation assumes that velocity is constant.
• B) Velocity is the average number of times a dollar is spent to buy final goods and services in a year.
• C) The simple quantity theory of money predicts that changes in the money supply lead to strictly proportional changes in the price level.
• D) In the simple quantity theory of money the aggregate supply curve is vertical.

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Definitions:

Lesion

Any abnormal tissue in or on the body, normally caused by disease or injury.

Agnosia

A neurological disorder characterized by the inability to recognize and process sensory information, despite having intact sensory functions.

Sensory Deficit

A reduction or impairment in the ability to perceive stimuli through one's senses, such as sight, hearing, smell, taste, or touch.

Voluntary Action

Actions that are performed as a result of conscious choice or decision, under the control of an individual's will.