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Economists Who Believe in the Quantity Theory of Money Argue

Question 14

Multiple Choice

Economists who believe in the quantity theory of money argue that:


A) the causation in the equation of exchange goes from PQ to MV.
B) the causation in the equation of exchange goes from MV to PQ.
C) the causation in the equation of exchange could go either way.
D) there is no causation in the equation of exchange.

Correct Answer:

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