In the quantity theory of money,which of these variables is endogenous?
A)the price level
B)the velocity of money
C)real output
D)the money supply
E)none of the above

Question

Quizplus · Accepted Answer

In the quantity theory of money, the price level is considered an endogenous variable because it adjusts in response to changes in the other variables within the equation (money supply, velocity of money, and real output).

In the Quantity Theory of Money,which of These Variables Is