In the simple quantity theory of money, the supply of money is:
A) exogenous
B) a policy variable
C) determined by the relationship between output and the price level
D) endogenous
E) equal to the supply of gold reserves

Question

Quizplus · Accepted Answer

The Answer of In the simple quantity theory of money, the supply of money is:
A) exogenous
B) a policy variable
C) determined by the relationship between output and the price level
D) endogenous
E) equal to the supply of gold reserves

In the Simple Quantity Theory of Money, the Supply of Money