The crude quantity theory is based on each of these assumptions except that
A) if M rises by a certain percentage,P rises by that same percentage.
B) V and Q are constants.
C) MV = PQ.
D) if M rises by a certain percentage,V will rise by that same percentage.
Correct Answer:
Verified
Q152: The velocity of money measures the
A)proportion of
Q153: If P = 12,V = 6,and M
Q154: Real GDP is the same as
A)M.
B)V.
C)P.
D)Q.
Q155: If MV rises from 180 to 270,
A)PQ
Q156: Which equation is incorrect?
A)MV = GDP
B)PQ =
Q158: If M = 2,000,P = 5,and Q
Q159: According to the sophisticated,or modern quantity theory
Q160: The velocity of circulation of money is
Q161: Keynesian economist believe that there is a
Q162: Which of the following is true?
A)The bible
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