The classical theory of inflation
A)is also known as the quantity theory of money.
B)was developed by some of the earliest economic thinkers.
C)is used by most modern economists to explain the long-run determinants of the inflation rate.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The classical theory of inflation, also known as the quantity theory of money, was developed by early economic thinkers and is used by many modern economists to explain the long-run determinants of the inflation rate.

The Classical Theory of Inflation