Populists proved themselves to be strong "quantity theory" activists by

Question

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The quantity theory of money holds that the price level in an economy is directly proportional to the amount of money in circulation. Populists believed that a general level of money demand should be provided by the government to keep pace with farm output, which would help stabilize prices and prevent inflation. This shows their advocacy for the quantity theory of money. Options B, C, and D relate to other objectives of the Populist movement but do not directly demonstrate their support for the quantity theory of money.

Populists Proved Themselves to Be Strong "Quantity Theory" Activists by