Which of the Following Statements Is False

question 125

Multiple Choice

Which of the following statements is false?

• A) The exchange equation assumes that velocity is constant.
• B) Velocity is the average number of times a dollar is spent to buy final goods and services in a year.
• C) The simple quantity theory of money predicts that changes in the money supply lead to strictly proportional changes in the price level.
• D) In the simple quantity theory of money the aggregate supply curve is vertical.

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Definitions:

Substitutes For Leadership

The concept that certain characteristics of the organization, task, or subordinates themselves can diminish or replace the influence of leadership.

Values-Based Leader

A leader who guides and influences others based on core personal values and principles, often inspiring similar values in their followers.

Project GLOBE's Findings

Represents the outcomes of the Global Leadership and Organizational Behavior Effectiveness research project, focusing on understanding how culture affects leadership and organizational practices worldwide.

Implicit Leadership Theory

A concept suggesting that people have inherent ideas and expectations about what constitutes effective leadership, influencing their perception of leadership behaviors.