Given Constant Velocity and Output, the Notion That Prices Rise

question 17

Multiple Choice

Given constant velocity and output, the notion that prices rise when more money is created:

• A) is known as the natural rate theory
• B) was first explained by Milton Friedman
• C) is known as the Fisher effect of money
• D) is known as the quantity theory of money

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Definitions:

Colonization Movement

An initiative mainly in the 18th and 19th centuries aimed at resettling freed African Americans in Africa, notably in Liberia.

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