Because the quantity theory of money tells us how much money is held for a given amount of aggregate income, it is also a theory of
A) interest-rate determination.
B) the demand for money.
C) exchange-rate determination.
D) the demand for assets.
B
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Why do the individual demand curves for Peter and Lois have steeper downward slopes than the market demand curve?
a. The market demand curve has a larger change in quantity of coffee demanded than individual curves.
b. The market demand curve has a larger change in coffee prices than individual curves.
c. The market demand curve has a lesser change in quantity of coffee demanded than individual curves.
d. The market demand curve has a lesser change in coffee prices than individual curves.
Which statement is true?
A. Our merchandise trade deficit and our overall trade deficit are identical. B. Our merchandise trade deficit is greater than our overall trade deficit. C. Our overall trade deficit is greater than our merchandise trade deficit. D. None of these statements are true.