In the quantity theory of money, which of these variables is ...

[audragclark]

In the quantity theory of money, which of these variables is endogenous?
 
  A) the price level
  B) the velocity of money
  C) real output
  D) the money supply
  E) none of the above

Question 2

From the equation of exchange, if both real income (Y) and the quantity of money (M) double and the price level (P) remains constant, then velocity (V) ________ and nominal income ________.
 
  A) remains constant; doubles
  B) doubles; remains constant
  C) doubles; doubles
  D) decreases by 50 percent; quadruples
  E) none of the above

[batool]

Answer to Question 1

A

Answer to Question 2

A

[audragclark]

Thanks for the timely response, appreciate it

[jomama]

YES! Correct, THANKS for helping me on my review