Asked by Nomzamo Lubisi on Jun 10, 2024
Verified
According to the crude quantity theory of money,if P rose by 20%,then _________.
Crude Quantity Theory
A simplified version of the quantity theory of money suggesting that an increase in money supply leads to a proportional increase in prices.
- Acquire knowledge on the quantity theory of money and its connection with inflation.
Verified Answer
NG
Learning Objectives
- Acquire knowledge on the quantity theory of money and its connection with inflation.