The major difference between the quantity theory of money (QTM) and the equation of exchange (EOE) is:
a. QTM deals with different macroeconomic variables than EOE.
b. EOE is a tautology and QTM is a theory.
c. EOE is a theory, and QTM is a tautology.
d. There is no difference between QTM and EOE. They are both basically looking at the same variables in the same way. One approach is monetarist and the other is Keynesian.
e. EOE is a stock concept, and QTM is a flow concept.
.B
You might also like to view...
During the Civil War (1861–1865), hyperinflation occurred in
(a) the North. (b) the South. (c) both the North and South. (d) neither the North nor the South.
Martin's research (1971) supports the claim that the Interstate Commerce Commission (ICC) was a federal regulatory agency, The ICC was designed to capture market gains for the consumers of railroad services as well as for the railroad
industrialists. Indicate whether the statement is true or false