The crude quantity theory is based on each of these assumptions except that
A. if M rises by a certain percentage, P rises by that same percentage.
B. V and Q are constants.
C. MV = PQ.
D. if M rises by a certain percentage, V will rise by that same percentage.
D. if M rises by a certain percentage, V will rise by that same percentage.
Economics
You might also like to view...
The government sometimes grants a firm the exclusive right to market a good or process for a fixed period of time. This is called
a. laissez-faire b. a patent c. contestable markets d. economies of scale e. monopolistic competition
Economics
During the recession phase of the business cycle,
A. Interest rates are usually falling B. Income is usually rising C. Production is usually rising D. Unemployment is usually falling.
Economics