Multiple Choice
Which of the following is not one of the assumptions of the quantity theory of money?
A) Velocity is constant.
B) The money growth rate is constant.
C) Real output is independent of the money supply.
D) Causation goes from money supply to prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q113: The long-run Phillips curve is:<br>A)downward-sloping, implying a
Q114: The slope of the long-run Phillips curve
Q115: Inflation has both benefits and costs.
Q116: A reason that the quantity theory of
Q117: When people refer to deflation,are they generally
Q119: Do economists who believe in the quantity
Q120: Refer to the graph shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7143/.jpg"
Q121: Economists who accept the quantity theory of
Q122: In an unexpected inflation, lenders will generally:<br>A)gain
Q123: Economists before the 1940s were most likely