According to the quantity theory of money, the quantity of money determines the

a. interest rate.
b. level of real output.
c. price level.
d. level of employment.

C

Economics

You might also like to view...

If the farm adopted a new technology, which allows it to use fewer resources to fatten chickens, explain how the farm's production possibilities will change. Explain how the opportunity cost of producing a bushel of soybean will be affected

What will be an ideal response?

Economics

“Cream skimming” usually results in

A. cross-subsidization of markets. B. subsidies to rural consumers of the service. C. regulations to provide universal service. D. monopoly.

Economics