The Quantity Theory of Money Suggests That Changes in Prices

question 89

Multiple Choice

The quantity theory of money suggests that changes in prices are caused by changes in

• A) wages.
• B) real GDP.
• C) nominal GDP.
• D) velocity.
• E) money.

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Placebo Effect

A phenomenon in which a person experiences a physiological or psychological improvement after being given a treatment with no therapeutic effect, due to their belief in the treatment's efficacy.

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