According to the Quantity Theory of Money

question 277

Multiple Choice

According to the quantity theory of money

• A) a change in the money supply can lead only to a proportionate change in the price level.
• B) the velocity of money is the least stable factor in monetary analysis.
• C) the rate of inflation is not related to changes in the money supply.
• D) price level changes can best be explained by Keynesian analysis.

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