The quantity theory of money of the Classical economists says that a change in the money supply will produce a:

a. proportional change in the price level.
b. greater than proportional change in the price level.
c. less than proportional change in the price level.
d. wide variation in the velocity of money.

a

Economics

You might also like to view...

Name <> of the ten points of the Washington Consensus. What is missing from this list? Did the Santiago Consensus address what was missing?

What will be an ideal response?

Economics

The _____ of an income tax comes from the _____ effect

a. excess burden; substitution b. excess burden; income c. excess benefits; substitution d. excess benefits; income

Economics