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Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 23

9708Money and banking

Which components of the Quantity Theory of Money are considered constant and which are considered variable?

  1. Aconstant, variable, constant, variable
  2. Bconstant, constant, variable, constant
  3. Cvariable, constant, variable, constant
  4. Dvariable, variable, constant, variable

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Correct answer: C. variable, constant, variable, constant

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