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.