The quantity theory of money assumed
A) that an increase in prices causes a proportionate increases in real GDP.
B) a fall in the velocity of money causes a proportionate increase in the money supply.
C) a rise in money supply causes a proportionate fall in velocity.
D) the fraction of income people desire to hold in the form of money is a constant.
D
Economics
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The Banking Acts of 1933 and 1935
A) established the Federal Reserve System. B) increased central control of the Federal Reserve System. C) eliminated the authority of the Board of Governors to set reserve requirements. D) made the Secretary of the Treasury a member of the Board of Governors.
Economics