Which of the following are inherent in classical theory?

If real GDP grows by 3 percent, the velocity of circulation does not change, and the quantity of money grows by 3 percent, then in the long run the inflation rate is

A) 0 percent. B) 6 percent. C) -3 percent. D) -6 percent. E) 3 percent.

According to the authors of your text, the phrase "property rights" can be substituted with the phrase

A) "property wrongs." B) "what people think they can get away with." C) "animal rights." D) "rugged individualism." E) "free market capitalism."