Quantity Theory of Money states that 3

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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.