Multiple Choice
If the transactions velocity of money remains constant while the quantity of money doubles, the:
A) price of the average transaction must double.
B) number of transactions must remain constant.
C) price of the average transaction multiplied by the number of transactions must remain constant.
D) price of the average transaction multiplied by the number of transactions must double.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Consider two countries, Hitech and Lotech. In
Q35: Inflation _ the variability of relative prices
Q36: Which of the following is NOT an
Q37: According to the classical theory of money,
Q38: A classical economist wears a T-shirt printed
Q40: The inflation tax is paid:<br>A) only by
Q41: A small country might want to use
Q42: During hyperinflation real tax revenue of the
Q43: The phrase "inflation is repudiation" applies only
Q44: The real return on holding money is:<br>A)