An assumption used in the quantity theory of money is that
A) the price level is constant.
B) velocity is constant.
C) nominal Gross Domestic Product (GDP) is constant.
D) the money supply is constant.
Correct Answer:
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Q221: The equation of exchange is
A) an assumption
Q222: According to the quantity theory of money
Q223: According to the equation of exchange, nominal
Q224: The number of times per year, on
Q225: An increase in the money supply, other
Q227: If the total money supply is $3
Q228: The income velocity of money is the
Q229: The equation of exchange is a formula
Q230: According to the equation of exchange, if
Q231: The quantity theory of money is based
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