The Quantity Theory of Money ________

question 14

Multiple Choice

The quantity theory of money ________.

• A)is used by classical economists to explain how frequent changes in velocity lead to infrequent changes in the price level
• B)gives mathematical grounding for the view that a country's central bank determines the general price level through control of the money supply
• C)implies that changes in the money supply never have an impact on real variables
• D)all of the above
• E)none of the above

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