The quantity theory of money is a theory of how
A) the money supply is determined.
B) interest rates are determined.
C) the nominal value of aggregate income is determined.
D) the real value of aggregate income is determined.
Correct Answer:
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Q11: In Irving Fisher's quantity theory of money,velocity
Q12: If the money supply is $2 trillion
Q13: Velocity is defined as
A)P + M +
Q14: The velocity of money is defined as
A)real
Q15: If nominal GDP is $8 trillion,and the
Q17: If the money supply is $600 and
Q18: If nominal GDP is $10 trillion,and velocity
Q19: The average number of times that a
Q20: If the money supply is $600 and
Q21: For the classical economists,the quantity theory of
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