According to the Quantity Theory of Money

Multiple Choice

According to the quantity theory of money,

A) the quantity of money determines the long run equilibrium price level
B) the amount of money in the economy determines the long run quantity of output
C) money affects the aggregate supply curve, while the aggregate demand curve determines real output
D) the money supply only affects the economy in the long run, not in the short run
E) the full-capacity level of output determines the supply of money needed in the economy