The crude quantity theory of money assumes that
A) V and Q remain constant.
B) V and Q vary.
C) V is constant and Q varies.
D) Q is constant and V varies.
Correct Answer:
Verified
Q15: If M is 2,000,Q is 1,000,and P
Q16: The most prominent classical economist was
A)Karl Marx.
B)Adam
Q17: John Maynard Keynes believed that a recession
Q18: Lowering tax rates was the main priority
Q19: Keynesian economics focused on
A)equally at curing recessions
Q21: The theory of rational expectations concludes that
A)since
Q22: The average number of times each dollar
Q23: The monetarists believe that an increase in
Q24: According to crude versions of the quantity
Q25: Non-interventionists include all of the following,except
A)new classical
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents