Which of the Following Statements Is False

question 125

Multiple Choice

Which of the following statements is false?

• A) The exchange equation assumes that velocity is constant.
• B) Velocity is the average number of times a dollar is spent to buy final goods and services in a year.
• C) The simple quantity theory of money predicts that changes in the money supply lead to strictly proportional changes in the price level.
• D) In the simple quantity theory of money the aggregate supply curve is vertical.

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Definitions:

Equal Pay Act

A U.S. federal law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially the Same Job

A position that is almost identical in terms of duties, conditions, responsibilities, and status to another job.

Age Discrimination

Unfair treatment of an individual or group based on their age, particularly in employment settings.

ADEA

Age Discrimination in Employment Act, a U.S. law designed to protect workers and job applicants aged 40 and over from age-based discrimination.