The Classical Theory of Inflation

question 138

Multiple Choice

The classical theory of inflation

• A)is also known as the quantity theory of money.
• B)was developed by some of the earliest economic thinkers.
• C)is used by most modern economists to explain the long-run determinants of the inflation rate.
• D)All of the above are correct.

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Definitions:

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Sedative and hypnotic drugs derived from barbituric acid that are used to treat anxiety, insomnia, and seizure disorders, but are associated with high risk of dependence.

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Substance whose production, sale, or possession is prohibited by law.

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