The classical economists believed that if the quantity of money doubled,

Related MCQs

• For the classical economists, the quantity theory of money provided an explanation of movements in the price level. Movements in the price level result
• In the quantity theory of money, P and Y represent the price and quantity of:
• The quantity theory of money is expressed by the identity equation
• Both sides of the quantity theory of money identity represent . *
• The Classical theory did not provide any coherent theory of ------
• The type of equilibirium that deals with the determination of price and quantity of only one
• Nominal GDP in terms of is represented by how much money there is and how many times it is spent, while Nominal GDP in terms of                  is represented by all goods and services and their prices.