The hypothesis that changes in the money supply lead to proportional changes in the price level is called

A. the Keynesian multiplier.
B. the quantity theory of money and prices.
C. the theory of empirical relativity.
D. the equation of exchange.

Answer: B

Economics

You might also like to view...

An increase in the price level will shift the aggregate demand curve:

A) rightward. B) leftward. C) both. D) none of the above.

View
Economics

Which of the following purports to be a "free-trade" agreement?

A. USSR B. WTO C. CAFTA D. GATT

View
Economics