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Author Question: According to the quantity theory of money, if velocity of money is constant, a 5 percent increase in ... (Read 198 times)

fagboi

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  • Posts: 535
on: Jun 30, 2018
According to the quantity theory of money, if velocity of money is constant, a 5 percent increase in money supply will lead to a 0.25 percent increase in nominal GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The quantity theory of money assumes that money supply and price level are the only variables in the equation of exchange that are free to fluctuate.
 a. True
  b. False
  Indicate whether the statement is true or false


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triiciiaa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


fagboi

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  • Posts: 535
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

atrochim

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

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