According to the crude quantity theory of money,if M rises by 10%,V will
A) fall by 10%.
B) fall by less than 10%.
C) stay the same.
D) rise by less than 10%.
E) rise by 10%.
Correct Answer:
Verified
Q140: The classical economist holds that interest rates
Q141: The classical quantity theory of money states
Q142: If MV rises from 250 to 375,
A)PQ
Q143: Which statement is FALSE?
A)Wages are not downwardly
Q144: According to the equation of exchange,an increase
Q146: According to the equation of exchange
A)when M
Q147: The output of our economy is represented
Q148: The modern monetarists believe that
A)V is very
Q149: According to the crude quantity theory of
Q150: If the price level P equals 1.50,GDP
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