The classical view of the quantity theory of money assumes that the velocity of money
a. is constant
b. will rise if the money supply rises and fall if the money supply falls
c. will rise if the money supply rises, but it will not change if the money supply falls
d. will fall if the money supply rises, and it will rise if the money supply falls
e. will fall if the money supply rises, but it will not change if the money supply falls
A
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An increase in the required reserve ratio by the Federal Reserve would:
A. cause M1 to contract. B. cause M1 to expand. C. have no effect on M1 or M2. D. affect only M2, not M1.
Consumers pay the part of a tax associated with a higher price for the product.
Answer the following statement true (T) or false (F)
Which of the following numbers, if it were equal to the 80/20 ratio for a particular country, would indicate the most inequality?
A. 1 B. 2 C. 0 D. 0.5
The person hired by a corporation's board of directors to ________ is known as the chief executive officer
A) chair the board of directors B) run the day-to-day operations of the corporation C) audit the financial records of the corporation D) hire additional members for the board of directors