In the quantity theory of money, the:
A) price level is exogenous.
B) real GDP, velocity, and money supply are endogenous.
C) real GDP and money supply are endogenous.
D) real GDP, velocity, and money supply are exogenous.
E) real GDP is endogenous.

Question

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The Answer of In the quantity theory of money, the:
A) price level is exogenous.
B) real GDP, velocity, and money supply are endogenous.
C) real GDP and money supply are endogenous.
D) real GDP, velocity, and money supply are exogenous.
E) real GDP is endogenous.

In the Quantity Theory of Money, The