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During the 1960s and 1970s, Most Monetarists Believed That the Velocity

Question 279

Multiple Choice

During the 1960s and 1970s, most monetarists believed that the velocity of money:

A) was stable.
B) was inversely related to the money stock.
C) moved in tandem with the money stock.
D) was irrelevant to the price level.

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