Multiple Choice
Most monetarists would say that:
A) the MV = PQ equation provides a better understanding of the macroeconomy than does the Ca + Ig + Xn + G = GDP equation.
B) most changes in the price level are explainable by changes in the level of real output.
C) the velocity of money is quite unstable.
D) all of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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