The Quantity Theory of Money state that an increase in the quantity of money would...
ECONOMICS
WAEC 1994
The Quantity Theory of Money state that an increase in the quantity of money would bring about
- A. a geometrical rise in price
- B. an unequal rise in prices
- C. a proportionate rise in prices
- D. an absolute rise in prices
Correct Answer: C. a proportionate rise in prices
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