Using the Quantity Theory of Money, We Can Calculate Inflation $\pi _ { t } = \% \Delta \bar { M } _ { t }$

question 58

Multiple Choice

Using the quantity theory of money, we can calculate inflation using ________, under the assumption that ________.

• A) \(\pi _ { t } = \% \Delta \bar { M } _ { t }\) ; velocity is constant
• B) \(\pi _ { t } = \% \Delta \bar { M } _ { t } - \% \Delta \bar { Y } _ { t }\) ; percent change in velocity always equals one
• C) \(\pi _ { t } = \% \Delta \bar { M } _ { t } - \% \Delta \bar { Y } _ { t }\) ; velocity is constant
• D) \(\pi _ { t } = \% \Delta \bar { Y } _ { t }\) ; velocity is variable
• E) \(\pi _ { t } = 0\) ; velocity is constant

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