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Author Question: Which of the following statements is true of the quantity theory of money? A) The theory explains ... (Read 126 times)

jake

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Which of the following statements is true of the quantity theory of money?
 
  A) The theory explains the relationship between growth in real GDP and changes in nominal interest rates.
  B) The theory states that inflation will always be positive.
  C) Predictions of the theory can be verified with data.
  D) The theory is applicable only in the short run.

Question 2

In modern economies
 
  A) some prices are very flexible while others are not.
  B) no prices are very flexible.
  C) all prices are very flexible.
  D) prices become less flexible as they increase.


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stillxalice

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jake

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Reply 2 on: Jun 30, 2018
Excellent


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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