The quantity theory of money states that if the money supply doubles and output is constant, prices will:
A. fall by half.
B. remain the same.
C. double.
D. fall only if velocity rises.
Ans: C. double.
Economics
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In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
Economics
The terms of trade between two countries refer to
A. The terms set by the World Trade Organization for trade. B. The rules governing trade between the two countries. C. The amount of good A given up for good B. D. What price the two countries agree upon for their imports and exports.
Economics