Which Statement Refers to a Characteristic of the Quantity Theory

question 84

Multiple Choice

Which statement refers to a characteristic of the quantity theory of money?

• A) It is focused on the short run.
• B) It assumes that prices and interest rates are sticky.
• C) It is a product of the classical school of economics.
• D) It assumes money is used for both transactions and savings.

---

Definitions:

Milgram

Refers to Stanley Milgram, a psychologist known for his experiment on obedience, demonstrating how far individuals would go to obey an authority figure.

Authoritarian Persons

Authoritarian Persons possess a personality type characterized by strict obedience to authority, favoring order and structure over personal freedom.

Highly Obedient

Describes individuals who strictly follow orders or commands from authorities, often without questioning.

Referent Power

A form of influence based on the leader's personal traits, where followers are drawn by admiration, respect, or identification with the leader.