The theory that a given change in the money supply leads to a proportional change in the price level in the long run is known as the:
A) equation of money theory.
B) quantity theory of money.
C) M1 theory.
D) money supply theory.

Name: The theory that a given change in the money supply leads to a proportional change in the price level in the long run is known as the: A) equation of money theory. B) quantity theory of money. C) M1 theory. D) money supply theory.
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Question

Quizplus · Accepted Answer

The Answer is B

The Theory That a Given Change in the Money Supply