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★ѕραndavir ★ѕραndavir
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7 years ago
If velocity were constant, as assumed by the pre-Keynesian version of the quantity theory, then a 10% change in the money supply would cause
A) a proportionate change in prices.
B) a proportionate change in output.
C) the sum of proportionate change in P and Y equals 10%.
D) the net difference of proportionate change in P and Y equals 10%.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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