According to the quantity theory of money, changes in the price level are primarily the result of changes in the:
A. quantity of money.
B. unemployment rate.
C. rate of spending.
D. total output.
A. quantity of money.
Economics
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What factor has the greatest influence on elasticity and inelasticity of supply?
a. profit b. labor c. time d. financing
Economics
Which of the following is an example of market "production," as used by economists?
A) Katrina works as a cashier at the local produce stand. B) Heidi makes a pizza for her family's dinner. C) Garvey takes out a low-cost government loan to start his pet-sitting business. D) The theatre and film studies department in Fine Art's College stages a play at the local theatre.
Economics