According to the Quantity Theory of Money, Ultimate Control Over

question 64

Multiple Choice

According to the quantity theory of money, ultimate control over the rate of inflation in the United States is exercised by:

• A) the Organization of Petroleum Exporting Countries (OPEC).
• B) the U.S. Treasury.
• C) the Federal Reserve.
• D) private citizens.

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Definitions:

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Business Wire

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Schramm's Model

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