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Author Question: According to the quantity theory of money, nominal GDP will double if the money supply is (Read 40 times)

biggirl4568

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Question 1

Which of the following is assumed constant in the quantity theory of money?


◦ money supply
◦ velocity
◦ the price level
◦ output

Question 2

According to the quantity theory of money, nominal GDP will double if the money supply is


◦ reduced by one-half.
◦ reduced threefold.
◦ doubled.
◦ tripled.


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Marked as best answer by biggirl4568 on Apr 19, 2019

shaikhs

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biggirl4568

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Reply 2 on: Apr 19, 2019
Gracias!


ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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