According to crude versions of the Quantity Theory of Money:?

konfusedarsnist: According to crude versions of the Quantity Theory of Money:?
According to crude versions of the Quantity Theory of Money:
a) the income velocity of money is highly variable.
b) full employment is characteristic of long run equilibrium.
c)nominal mpney supply directly affects real output.
d) nominal money supply inversely affects velocity.
e)money demand is generally speculative.
Q remains constant in the crude model so it cant be c.?
the answer i believe is B)

Answers and Views:

Answer by Magnun S
c