An Assumption Used in the Quantity Theory of Money Is

question 34

Multiple Choice

An assumption used in the quantity theory of money is that

• A) the price level is constant.
• B) velocity is constant.
• C) nominal Gross Domestic Product (GDP) is constant.
• D) the money supply is constant.

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Definitions:

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere, and terminating at the circumference or surface.

Macules

Flat, distinct, discolored areas of skin that do not involve any change in the texture or thickness of the skin.

Dilation

The process of expanding or enlarging an opening or structure in the body.

Irregular

Deviating from what is usual, normal, or expected; often refers to inconsistent or unpredictable patterns or behaviors.