In the Simple Quantity Theory of Money, the Supply of Money

question 72

Multiple Choice

In the simple quantity theory of money, the supply of money is:

• A) exogenous.
• B) a random variable.
• C) determined by the relationship between output and the price level.
• D) endogenous.
• E) equal to the supply of gold reserves.

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Definitions:

Doctrine of Constructive Eviction

A legal concept where a tenant is essentially forced to leave their rental property because the landlord has failed to keep the premises livable.

Vacate the Premises

To leave a property, making it available for others to occupy or use.

Make Repairs

The process of fixing or restoring something to its original state or to working condition.

Sublease

A transfer of some but not all of a tenant’s remaining right to possess property under a lease.