Answered: According to the quantity theory of…

According to the quantity theory of money, which variable in the quantity equation is most stable over long periods of time? a. money b. velocity c. price level d. output

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

According to the quantity theory of money, which variable in the quantity equation is most stable over long periods of time?

a. money

b. velocity

c. price level

d. output

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