The quantity theory of money was derived from the quantity equation by asserting that
A) real output was fixed.
B) the money supply was fixed.
C) the velocity of money was fixed.
D) the velocity of money was zero.
Answer: C
Economics
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Changes in one variable on a graph might be caused by the other variable on the graph or by a third omitted variable
a. True b. False Indicate whether the statement is true or false
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