Quantity Theory (p202)

Question 1

QUANTITY OF GOODS:
the value of money is related to the ……….. of goods incirculation

Answer 1

quantity

Question 2

QUANTITY OF GOODS:
the VALUE money increases if the quantity of goods …….

Answer 2

increases

Question 3

QUANTITY OF GOODS:
the VALUE of money DECREASES if the quantity of goods ……….

Answer 3

decreases

Question 4

QUANTITY OF GOODS:
How does the value of money double?

Answer 4

If the quantity of goods increases by TWO, while the quantity of money REMAINS THE SAME