The Classical Economists Believed That If the Quantity of Money

question 66

Multiple Choice

The classical economists believed that if the quantity of money doubled

• A)output would double.
• B)prices would fall.
• C)prices would double.
• D)prices would remain constant.

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Definitions:

Hungry

A sensation experienced when one's body signals the need for food intake.

Thirsty

The feeling of needing to drink liquids, often as a result of dehydration or the desire for refreshment.

External Cues

External signals or triggers that influence behavior or responses.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, typically measured by a body mass index (BMI) of 30 or higher.