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Which of the following is a characteristic of the quantity theory of money? It i

ID: 1198717 • Letter: W

Question

Which of the following is a characteristic of the quantity theory of money? It is focused on the short run. It assumes that prices and interest rates are sticky. It is a product of the classical school of economics. It assumes money is used for both transactions and saving. Which of the following is a characteristic of the quantity theory of money? It is focused on the short run. It assumes that prices and interest rates are sticky. It is a product of the classical school of economics. It assumes money is used for both transactions and saving.

Explanation / Answer

It is a product of the classical school of economics.

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