In the quantity theory of money, the quantity of money is assumed to
A) not influence the velocity of circulation.
B) rise during recessions.
C) fall during recessions.
D) be constant.
A
Economics
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When the government controls the price of a product, causing the market price to be above the free market equilibrium price,
A. some, but not all, sellers can find buyers for their goods. B. only consumers gain. C. both producers and consumers gain. D. all producers gain.
Economics
Canada is classified by the International Monetary Fund as
A) an advanced economy. B) a developing economy. C) a transition economy. D) an emerging market economy. E) a natural-resource based economy.
Economics