The Implications of the Quantity Theory of Money Are the Main

question 21

Multiple Choice

The implications of the quantity theory of money are the main basis for which of the following quotes?

• A) "Inflation is always zero in the long run."
• B) "Inflation is always and everywhere a fiscal phenomenon."
• C) "Inflation is always and everywhere a monetary phenomenon."
• D) "Velocity growth should be equal to 2 percent in the long run."
• E) "Velocity is always constant."

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Definitions:

Trapezius

A large, triangular muscle extending over the back of the neck and shoulders that moves the head and shoulder blade.

Distinct Muscles

Specific, individual muscles that are easily identifiable and separate from others in the body's muscular system.

Dorsal

Pertaining to the back side of the body in humans, or the upper side in quadrupeds and other animals.

Ventral

Pertaining to the front or anterior of the body; opposite of dorsal, which refers to the back or posterior.