The Crude Version of the Quantity Theory of Money assumes: A. Flexible Prices B. Flexible Wages C. Velocity and Quantity of Output are constant D. High interest rates E. Low unemployment
The Crude Version of the Quantity Theory of Money assumes: A. Flexible Prices B. Flexible Wages C. Velocity and Quantity of Output are constant D. High interest rates E. Low unemployment
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: Money Growth And Intlation
Section: Chapter Questions
Problem 3CQQ
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Question
The Crude Version of the Quantity Theory of Money assumes:
A. |
Flexible
|
|
B. |
Flexible Wages
|
|
C. |
Velocity and Quantity of Output are constant
|
|
D. |
High interest rates
|
|
E. |
Low
|
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