The Quantity Theory of Money States That in the Long

question 141

Multiple Choice

The quantity theory of money states that in the long run

• A) the price level will not consistently rise, it will fluctuate.
• B) an increase in the quantity of money results in an equal percentage increase in the price level.
• C) a rise in the price level rises causes the quantity of money to increase.
• D) an increase in the quantity of money increases real GDP by a smaller percentage.

---

Definitions:

Strategic Needs

These are the critical requirements a business must meet to achieve its long-term goals and objectives.

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Prescriptive Analytics

A type of data analytics that seeks to provide advice or recommendations on actions to achieve specific outcomes or objectives.

Analytic Domain

The area or field where data analysis is applied, focusing on extracting meaningful insights from various data sources to support decision-making.