3301EconomicsMedium
The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ________?
Anominal money output prices
Boutput prices, employment
Cnominal money, the price level, output and employment
Dprices, wages, output and employment
Correct answer
C. nominal money, the price level, output and employment
Explanation
The correct answer is nominal money, the price level, output and employment.