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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 15: Monetary Theory and Policy
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    The Quantity Theory of Money Assumes That Money Supply and Price
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The Quantity Theory of Money Assumes That Money Supply and Price

Question 137

Question 137

True/False

The quantity theory of money assumes that money supply and price level are the only variables in the equation of exchange that are free to fluctuate.

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