Multiple Choice
Causality is clear and mechanical with the quantity theory of money. If M increases because:
A) V and Q are variable, the price level, P, increases.
B) V and Q are variable, the price level, P, decreases.
C) V and Q are constant, the price level, P, increases.
D) V and Q are constant, the price level, P, decreases.
E) P and Q are constant, velocity, V, increases.
Correct Answer:

Verified
Correct Answer:
Verified
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