According to the Quantity Theory of Money, the Price Level $P _ { t } ^ { * } = \bar { M } _ { t }$

Multiple Choice

According to the quantity theory of money, the price level can be written as:

A) $P _ { t } ^ { * } = \bar { M } _ { t }$
B) $p _ { t } ^ { * } = \bar { M } _ { t } / \bar { Y } _ { t }$
C) $p _ { t } ^ { * } = \left( \bar { M } _ { t } \bar { V } _ { t } \right) / \bar { Y } _ { t }$
D) $P _ { t } ^ { * } = 1 / \bar { Y } _ { t }$
E) $p _ { t } ^ { * } = \bar { Y } _ { t } \bar { M } _ { t } / \bar { V } _ { t }$