Most Monetarists Would Say That

question 50

Multiple Choice

Most monetarists would say that:

• A) the MV = PQ equation provides a better understanding of the macroeconomy than does the C_a + I_g + X_n + G = GDP equation.
• B) most changes in the price level are explainable by changes in the level of real output.
• C) the velocity of money is quite unstable.
• D) all of these are true.

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