Quantity Theory of Money states that 3 / » Fundamentals of Economics solved MCQs / By admin Question: Quantity Theory of Money states that 3 A. Price Level is directly proportional to Money Supply B. Price Level is inversely proportional to Money Supply C. Price Level is not related to Money Supply D. Price Level is inversely related to Money Demand Answer» a. Price Level is directly proportional to Money Supply Note: The above multiple-choice question is for all general and Competitive Exams in India.
