The Quantity Theory of Money ________

question 30

Multiple Choice

The quantity theory of money ________.

• A)focuses mainly on the close link between short run fluctuations in velocity and the price level
• B)works very well for the U.S.but it does not hold empirically for other countries in the long run
• C)provides a long run theory of inflation because it is based on the assumption that prices and wages are fully flexible
• D)all of the above
• E)none of the above

---

Definitions:

Maintenance Factors

In Herzberg's two-factor theory, aspects of the work environment that are necessary to prevent dissatisfaction but do not necessarily motivate employees.

Justified

Having a good reason or being shown to be right or reasonable.

Job Rotation

A workplace strategy where employees rotate between different tasks or roles to learn new skills and gain exposure to various aspects of an organization.

Job Enrichment

The process of making a job more satisfying and engaging through varied tasks and increased responsibilities.