If the Transactions Velocity of Money Remains Constant While the Quantity

question 39

Multiple Choice

If the transactions velocity of money remains constant while the quantity of money doubles, the:

• A) price of the average transaction must double.
• B) number of transactions must remain constant.
• C) price of the average transaction multiplied by the number of transactions must remain constant.
• D) price of the average transaction multiplied by the number of transactions must double.

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