An Assumption Used in the Quantity Theory of Money Is

question 34

Multiple Choice

An assumption used in the quantity theory of money is that

• A) the price level is constant.
• B) velocity is constant.
• C) nominal Gross Domestic Product (GDP) is constant.
• D) the money supply is constant.

---

Definitions:

Nasogastric Tube

A flexible tube inserted through the nose into the stomach, used for feeding or removing stomach contents.

Navel

The scar in the center of the abdomen, also known as the belly button, which marks the area where the umbilical cord was attached in utero.

Measurement Technique

A method or procedure used to quantify characteristics or parameters in a systematic and standard way, ensuring accuracy and reliability.

Cramping

Painful, involuntary muscle contractions that can occur in various parts of the body and are often caused by overuse, dehydration, or electrolyte imbalances.